Today, the 30-share index Sensex on the Bombay Stock Exchange (BSE) gained about 0.19 percent or 11.57 points to 62,547.
Mumbai: The country's domestic stock market rose a lot in one jump. The market opened higher on the last day of trading on Friday. That trend continued until the close. In a single day, the amount of investors' wealth increased by about 1 lakh crore rupees. As a result, investors have a smile on their faces. As a result, experts believe that their confidence will increase and the market will strengthen a little. However, another side says that the market is in a state of volatility right now, so if the rise is not sustained for a few consecutive trades, there is not much hope.
Today, the 30-share index Sensex on the Bombay Stock Exchange (BSE) gained about 0.19 percent or 11.57 points to 62,547.11 points. Meanwhile, the National Stock Exchange (NSE) index Nifty-50 rose by about 0.25 percent or 46.35 points to 18,534.10 points. The index of Nifty Midcap 100 and Nifty Smallcap 100 rose by around 0.50 percent on the day. Among the sectors Nifty Metals, Nifty Realty, Nifty PSU Bank and Nifty Auto indices rose the most. On Friday these indices were up by 1.22, 1.42, 0.98 and 0.92 percent respectively. On the other hand, Nifty IT and Nifty Energy indices witnessed the biggest fall. These indices decreased by 0.40 and 0.17 percent respectively.
Top gainers in the market on Friday included Graphite India Ltd, HEG Ltd, JK Laxmi Cement Ltd, Tata Steel, Maruti Suzuki India, Mahindra & Mahindra and Sun Pharma. On the other hand, shares of Future Consumers Ltd., Dilip Buildcon Ltd., Mahanagar Gas Ltd., Adani Total Gas Ltd., Gujarat Gas Ltd., Infosys and Wipro declined significantly.
Vinod Nair, head of research at Geojit Financial Services, said, “The country's market was volatile last week. However, the market has managed to regain a positive domestic outlook for global market cues. Stocks of car companies are back at the center of attraction. Because the number of car sales increased in May. However, the US Federal Reserve is expected to refrain from raising interest rates this time. Equity markets are relieved by this indication.”
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