Share Market Update: On the last trading day of the week, the Indian stock market started with strong momentum. Positive signals from the global market and expectations of talks regarding ceasefire between America and Iran have increased the confidence of investors. At around 9:19 am on Friday morning, BSE Sensex was seen trading at the level of 77,192 with a gain of 560 points. Nifty 50 also crossed 23,963 with a rise of 188 points. Overall, a positive environment is being seen in the market and there is enthusiasm among investors.
During early trading (Share Market), BSE Sensex reached an intra-day high of 77,261 with a gain of 0.82% or about 630 points. Nifty 50 was also seen trading at the level of 23,978 with a rise of 0.85% i.e. 203 points.
Talking about sectoral indices, banking, realty, auto, energy and metal sectors are witnessing tremendous growth and they remain today’s top gainers. Whereas the IT sector is trading in the red with a decline. Among the big stocks, Infosys, Sun Pharma, Tech Mahindra, HCL Tech and Hindustan Unilever were among today’s top losers.
It is noteworthy that on Thursday, April 9, the stock market had stopped its five-day rise. On that day, Sensex fell 931.25 points (1.20%) to close at 76,631.65, while Nifty slipped 222.25 points (0.93%) to 23,775.10. Profit booking due to increasing tension in the Middle East was the main reason for this decline. However, the market made a strong comeback on Friday morning.
Foreign markets also have a big contribution in today’s rise. In Asian markets, the Nikkei 225 is up 1.65%, while the Kospi has jumped more than 2%. Taiwan market is also witnessing a boom. Talking about the American market, Dow Jones closed 275 points higher, while S&P 500 and Nasdaq also registered a gain of about 0.8%. Overall, there is a strong atmosphere in the Indian stock market today on the basis of global signals.
