Gujarati NewsBusinessSensex gains 259 points, Nifty closes at 13,932; The market closed higher for the 5th day in a row due to heavy foreign investment
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Bombay 13 days ago
Shares of CopyLinkIndSind Bank, Axis Bank, Tech Mahindra, HDFC, ICICI Bank rose, shares of NTPC, Power Grid Corp, Dr. Reddy’s Labs, Reliance rose.
Indian stock markets closed higher today. The Sensex rose 259 points to close at 47613. The Nifty rose 59 points to close at 13932. This is the highest level of the index in terms of closing. Earlier today, the Sensex closed at 47,353.75. The stock market closed higher for the fifth day in a row today on heavy foreign investment.
IndusInd Bank and Axis Bank shares rose
Shares of IndusInd Bank, Axis Bank, Tech Mahindra, HDFC, ICICI Bank and others closed higher on the Sensex. The IndusInd Bank rose 5.41 percent to close at 913.30. Axis Bank rose 2.06 percent to close at 630.25. However, shares of Nestlé, NTPC, Power Grid Corp, Dr Reddy’s Labs and Reliance were down. Nestle fell 1.74% to close at 18275. NTPC fell 1.69 percent to close at 98.75.
The main reasons for the market boom
Continued massive foreign investment in the domestic market US President Donald Trump signs a $ 900 billion relief program.
Also buy in Asian markets
Other Asian markets also rebounded on Tuesday, after record gains in Europe and the United States. Japan’s Nikkei index rose 734 points (2.74%) to close at 27,589. Apart from that, the Hong Kong Hang Seng index also closed at 26,854 with an increase of 269 points. China’s Shanghai Composite Index closed 18 points lower at 3379.