The Indian benchmark indices continued on the fourth day with the Nifty reaching 25,100 on 9 June. On closing, the Sensex rose by 256.22 points or 0.31 percent to 82,445.21, and the Nifty rose 100.15 points or 0.40 percent to 25,103.20. About 2667 shares rose, 1374 shares declined and 126 shares did not change. Except for realty, all other regional indices closed at green mark, with IT, OL and Gas, Power, PSU bank up 1–1 percent. BSE midcap and smallcap indices rose 1–1 percent. Bajaj Finance, Kotak Mahindra Bank, Axis Bank, Geo Financial, Trentic were in the major benefits on the Nifty, while ICICI Bank, Titan Company, M&M, Adani Ports, were in eternal losses.
The 30 -share BSE Sensex opened up more than 300 points at 82,574.55 today. As soon as it opened, it saw a boom. At 9:38 am it was climbed 314.82 points i.e. 0.38% to 82,503.81. Similarly, the National Stock Exchange (NSE) Nifty-50 also opened with firm over 25 thousand. At 9:40 am, it was trading at 91.05 points i.e. 0.36% to 25,111. Meanwhile, the trends of global markets will affect the market move today. Apart from this, action in select shares, increase in Kovid-19 cases, activities of foreign investors and IPOs will also decide the direction of the market.
How was the market on Friday?
Due to this, the Indian stock market increased strongly on the previous trading session i.e. Friday. The Reserve Bank of India (RBI) took two big steps to increase liquidity. This showed enthusiasm in the market. The BSE Sensex closed at 82,189 with a gain of 747 points or 0.92%. The Nifty went up at 25,003, 50, 252 points or 1.02%. Foreign institutional investors (FII/FPI) on Friday bought Indian shares worth ₹ 1,009.71 crore, while domestic institutional investors (DIIs) bought shares worth ₹ 9,342.48 crore.
What are the signs of global markets?
The Asian markets rose on Monday. Investors are monitoring business talks between Washington and Beijing. Japan’s Nikkei 225 index rose 0.95 percent and South Korea’s Kospi climbed 1.73 percent. Australian markets are closed due to public holiday.
Meanwhile, China is going to release its consumer and wholesale inflation figures for May today. A survey by Reuters estimates that Chinese consumer prices may fall by 0.2 percent on an annual basis. Whereas PPI is expected to decline by 3.2 percent compared to a year ago. Wall Street’s major indices closed at high levels in US markets on Friday.
Wall Street accelerated as better non-agricultural payroll data reduced the possibility of economic recession. According to government data, the US payroll increased to 139,000 in May. It is above 125,000 Dow Jones forecast. Dow Jones Industrial Average increased by 1.05 percent, S&P 500 1.03 percent and Nasdaq Composite 1.20 percent. According to Ajit Mishra, Senior Vice President (Research) of Nifty Outlook Railor Broking, “Nifty is currently in a consolidation stage. But in the banking sector breakout and rate sensitive rally rally rally raised hopes of rally. If the Nifty remains above 25,200, the next target could be up to 25,600.”
