New Delhi, 12 September (IANS). The Indian stock market closed up rapidly for the eighth consecutive day in Friday’s trading session. All -round purchases were seen in the market. The Sensex gained 355.97 points or 0.44 per cent to 81,904.70 and the Nifty was at 25,114 with a strength of 108.50 points or 0.43 per cent.
Along with largecap, midcap and smallcap also saw a boom. The Nifty Midcap 100 index rose by 183.65 points or 0.32 per cent to 58,227.20 and the Nifty Smallcap 100 index was 114.70 points or 0.64 per cent to 17,989.90.
Defense, metal and finance shares did the work of pulling the market up. Nifty India Defense Index (4.38 percent), Nifty Metal (0.93 percent), Nifty Auto (0.46 percent), Nifty Finance Service (0.70 percent), Nifty Pharma (0.53 percent), Nifty Private Bank (0.41 percent) and Nifty Commodities (0.41 percent) and Nifty Commodities (0.41 percent) were closed with a rapid pace.
Nifty PSU (0.27 percent), Nifty FMCG (0.71 percent), Nifty Media (0.39 percent) and Nifty Conspation (0.29 percent) closed with a weakness.
The Sensex packs were BEL, Bajaj Finance, Bajaj Finserv, Axis Bank, Maruti Suzuki, Tata Motors, ICICI Bank, L&T, Infosys, TCS, Tech Mahindra, Tata Steel, Power Grid, NTPC, Kotak Mahindra Bank and UltraTek Cement Top Gainers. Erticles were (Zomato), HUL, Trent, Titan, Bharti Airtus, Asian Paints, ITC, M&M, HCL Tech, HDFC Bank and SBI Top Loles.
According to the expert, the market remains rapid due to the possibility of cutting interest rates from the US Fed. Reports of rejecting American tariff proposals over India over the European Union purchased Russian oil led to further improvement. Progress in the US-India trade talks is also expected to maintain positive pace in the near future. The defense sector performed better in the session. The reason for this is the reports of Indian procurement officials starting negotiations for six traditional submarines of the next generation.
The Indian stock market closed rapidly. By 9.25 am, the Sensex was trading 114 points or 0.14 percent to 81,663 and the Nifty was 39 points or 0.16 percent to 25,045.
-IANS
ABS/
