Share Market: Market rises, Sensex rises over 635 points in early trade
New Delhi: Sensex climbed over 635 points in early trade on Friday due to rise in Asian markets and gains in big stocks like Reliance Industries. Due to this there was a big fall in the Sensex on the last trading day. During this, the 30-share Sensex was trading at 53,565.74 with a gain of 635.43 points in early trade. Similarly, NSE Nifty also climbed 186.4 points to 15,994.40.
Sun Pharma, Bajaj Finserv, Titan, Bajaj Finance, IndusInd Bank, Reliance Industries, Dr Reddy’s and Tata Steel were among the top gainers in the Sensex trade. On the other hand, NTPC and TCS were in the red. In the last trading session, on Thursday, the 30-share BSE Sensex slipped 1,158.08 points, or 2.14 per cent, to close at the lowest level of 52,930.31 in the last two months. Similarly, the Nifty of the National Stock Exchange also closed at 15,808 points, down 359.10 points, or 2.22 percent.
Meanwhile, international oil standard Brent crude rose 1.57 percent to $ 109.14 per barrel. According to the data available from the stock exchanges, foreign institutional investors (FIIs) sold shares worth Rs 5,255.75 crore on Thursday.
Earlier on Thursday, during trading, the Sensex had fallen by about 1,400 points at one time. After the close of trading, the Sensex closed at 52,930.31 points with a loss of 1,158.08 points (2.14 per cent). Similarly, NSE Nifty closed at 15,808 points with a loss of 359.10 points (2.22 per cent). In the last 1 month, the Sensex has broken 5,500 points. Nifty has also fallen about 10 percent in the last one month.
Talking about the global market, the US markets were in decline yesterday as well. On Thursday, the Dow Jones Industrial Average was down 0.3 percent. Similarly, both the S&P 500 and the Nasdaq Composite were down 0.1 per cent. Asian markets are in an uptrend today. Japan’s Nikkei is up 01 percent. China’s Shanghai Composite is also up one per cent. Hong Kong’s Hang Seng is up 2 percent. Similarly, Kospi of South Korea is also in gain of 1.7 percent.