With an improvement of 311 points, Sensex again touched the level of 60,000 > Mumbai Samachar

by Ana Lopez

(From Trade Representative)
MUMBAI: Global equity markets continued to rally for the seventh consecutive session, with indications of continued net buying in equity by foreign institutional investors, with investors buying domestically, particularly in metal, banking and finance sectors. Today, the 30-share benchmark Sensex of the Bombay Stock Exchange touched the 60,000 mark with an improvement of 311.21 points. Also, the 50-share benchmark Nifty of National Stock Exchange crossed the level of 17,700 with an improvement of 98.25 points.
Today, the BSE benchmark Sensex opened at 60,028.60, an improvement from yesterday’s close of 59,846.51, after trading in a range of 59,919.88 as low and 60,267.68 as high during the session, closing by 0.52 per cent or 311 from yesterday’s close. .21 point improvement to close at 60,157.72. Similarly, the National Stock Exchange’s benchmark Nifty opened at 17,704.80 against yesterday’s close of 17,624.05 and settled in a range of 17,655.15 to 17,748.75 before closing by 0.56 per cent or 98.25 points from yesterday’s close. It closed at the level of 17,722.30. Also today BSE midcap and smallcap index improved by 0.40 percent and 0.62 percent respectively. Also, yesterday in the local equity market, foreign institutional investors’ equity of Rs. 882.52 crore net takeover, the exchange said in preliminary data.
Head of Retail Research, HDFC, Dipar Jasani said that although the eyes of investors at the global level are fixed on the US inflation data to be announced tomorrow, today there is a pro-reform trend in the markets of Asia and Europe. In addition to optimism that banking and auto sector companies will show strong results in the fourth quarter of the last financial year, encouraging reports from Asian and European markets have also driven the improvement domestically, said Vinod Nair, head of research at Geojit Financial Services, adding that the impact of US inflation data released tomorrow will affect the Federal Reserve’s next policy. Investors have been sitting on inflation data since the meeting.
Meanwhile, out of 30 shares under Sensex, 21 shares closed higher and nine shares closed lower, while out of 50 shares under NSE Nifty, 38 shares closed higher and 12 shares closed lower. Among the major gainers under BSE, Kotak Mahindra Bank saw the highest gain of 5.04 percent. It was followed by Tata Steel by 2.43%, ITC by 1.90%, ICICI by 1.65%, Maruti Suzuki by 1.44% and Bajaj Finserv by 1.41% respectively, while today’s top performing stocks were at 1.50. Per cent decline was seen in TCS. The thing to note is that today (Wednesday) TCS results are going to be announced. Apart from this, there was a decline in HCL Technologies by 1.46 percent, Infosys by 1.42 percent, Tac Mahindra by 0.83 percent, Asian Paints by 0.82 percent and Wipro by 0.79 percent. In addition, the sectoral indices at BSE today mainly improved by 1.87 percent in Metal Index, 1.73 percent in Utility Index, 1.64 percent in Bankex, 1.10 percent in Oil and Gas Index, 1.03 percent in Power Index and 0.98 percent in Auto Index. came, while the Basic Materials Index fell by 3.05 percent, the Consumer Discretionary Goods and Services Index by 1.55 percent, the Technology and IT Index by 0.92 percent and the Consumer Durable Index by 0.37 percent. Meanwhile, markets in Seoul, Japan and Hong Kong closed higher in Asia today, while a softer trend was seen in Shanghai. Also today the European markets were also showing improvement during the mid-session. Moreover, it was reported that the price of Brent crude oil futures in the world market today increased by 0.35 percent from yesterday’s close and was quoted around 84.53 dollars per barrel.

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