Share Market Live Update: The start of the stock market was weak on the first day of the new financial year. However, later it got stronger. The Bombay Stock Exchange’s 30-share key sensitive index Sensex opened at 58,530 with a fall of 37 points at 9.15 am on Friday. At the same time, Nifty also started trading today with a red mark, but after a few minutes both Sensex and Nifty came on the green mark.
In early trade, the Sensex reached the level of 58638 with a gain of 70 points. At the same time, Nifty was trading at 17485 with a gain of 21 points. Stocks like Adani Wilmar, TTML, Saregama India, Gujarat Alkalie, NTPC, Vodafone Idea, Adani Power, Power Grid were showing gains on NSE.
Over 18 percent return from Sensex in 2021-22
Domestic stock markets closed with losses on the last day of the financial year 2021-22 on Thursday, losing early gains. After three days of rally, the market came down on profit-booking in Reliance Industries, Infosys and HDFC Bank.
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The 30-share Sensex ended 115.48 points, or 0.20 per cent, lower at 58,568.51 points amid volatility on the last day of settlement of monthly deals in the futures and options segment. During trading, it went up to 58,890.92 points in the high and came down to 58,485.79 points.
The Nifty of the National Stock Exchange also closed at 17,464.75, down 33.50 points, or 0.19 per cent. For the full financial year 2021-22, the BSE Sensex gained 9,059.36 points or 18.29 per cent, while the NSE Nifty gained 2,774.05 points or 18.88 per cent.
S Ranganathan, Head of Research, LKP Securities said, “Midcap-100 and Smallcap-100 have given 25 per cent returns this year. This advantage has come when the FPIs (Foreign Portfolio Investors) made a lot of selling from the market. This reflects the confidence of domestic investors in the face of various challenges.