Stock market rises in volatile business, Sensex rises 33 points

Mumbai, November 8 (Language) Local stock markets remained bullish on Wednesday in volatile trading and BSE Sensex gained 33 points. There was volatility in the market due to continued capital withdrawal by foreign institutional investors along with weak trend in the markets of Asia and Europe.

BSE Sensex based on 30 shares closed at 64,975.61 points with a gain of 33.21 points or 0.05 percent. During trading, it reached a high of 65,124 points and reached a low of 64,851.06 points.

National Stock Exchange’s Nifty also closed at 19,443.50 points with a gain of 36.80 points or 0.19 percent. Out of 50 stocks included in Nifty, 29 were in profit while 21 were in loss.

Among the Sensex companies, Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti and Reliance Industries were the major gainers.

On the other hand, loss making stocks include ICICI Bank, NTPC, Infosys, Tech Mahindra, Tata Steel and Bajaj Finance.

Vinod Nair, head of research, Geojit Financial Services, said, “The domestic market was traded in a limited range with a positive trend. More confidence can be gained from global market indicators after the address by the head of the US central bank Federal Reserve. Crude oil prices continue to fall. This will provide relief to the domestic economy and reduce inflation.

In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were among the losers.

There was a downward trend in early trading in major markets of Europe. US markets were in profit on Tuesday.

Meanwhile, global oil benchmark Brent crude rose 0.15 per cent to $81.73 per barrel.

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 497.21 crore on Tuesday.


Raman Ajay


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