Stock Market Update: After two days of decline amid mixed signals from the global market, the stock market saw a rise on the last trading day of the week.
At the beginning of the trading session, both the 30-point Sensex and the 50-point Nifty opened with green marks. Initially, the Sensex saw a rise of 202 points and it opened at the level of 58,969.02. Nifty also started trading with a boom and it rose 56 points to open at the level of 17,598.40.
At the beginning of the trading session, 26 out of 30 Sensex stocks were seen trading with green marks. The maximum increase of 2.33 percent was seen in the stock of NTPC. At the same time, Maruti’s stock fell the most. Talking about the top gainers of Nifty, NTPC, BAJAJ FINSERV, KOTAK BANK, EICHER MOTORS and POWER GRID were the top gainers.
At the same time, MARUTI, SHREE CEMENT, GRASIM and HERO MOTOCORP were among the top losers.
Mixed cues from global market
On the other hand, there are mixed signals from the global market. Mixed business was seen in the US market.
The Dow Jones had a break on the four-day decline and it closed by climbing 150 points. Nasdaq also slipped on the fifth day. SGX Nifty seems to be trading in green mark. Crude oil is running at a two-and-a-half-week low.
Earlier on Thursday, the domestic stock market declined and the BSE Sensex was in a loss of more than 770 points. Markets came under selling pressure amid a weak global trend and concerns over aggressive interest rate hike by central banks. At the same time, the Nifty of the National Stock Exchange lost 216.50 points to closed at 17,542.80. Among the Sensex shares, Reliance Industries was the biggest loser of 2.99 percent.
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