Mumbai, May 23 (IANS). The Indian stock market closed in a green mark in Friday’s trading session. There was all -round purchases in the market. At the end of the trading, the Sensex rose by 769.09 points or 0.95 percent to close 81,721.08 and the Nifty to close at 243.45 points or 0.99 percent to close at 24,853.15.
Midcap and smallcap were seen shopping with largecap. The Nifty Midcap 100 index rose by 362.90 points or 0.64 per cent to 56,687.75 and the Nifty Smallcap 100 index 140.25 points or 0.80 per cent to 17,643.35.
Auto, IT, PSU Bank, FMCG, Metal, Realty, Media, Energy, and Infra Index closed in green mark on sectoral basis.
The market is believed to have a strong domestic economy due to the market boom, due to which the sentiment of investors remains positive.
Geojit Financial Services, Research Head, Vinod Nair said that the talk of trade in the US and India and the trend of investors with strong domestic economy is positive.
The Sensex packs featured Eatron (Zomato), Power Grid, ITC, Nestle, Bajaj Finance, Axis Bank, Adani Ports, Kotak Mahindra, L&T, HUH, Bajaj Finance, Titan, Asian Paints and Bharti Airtel Gainers. Sunpharma in BSE benchmark closed in red mark.
LKP Securities Senior Technical Analyst, Roopak De, said that the Nifty has come up again after taking support from an EMA of 21 days and is in a zone of 24,700 to 25,000 consolidation. If there is a breakout from these levels, then a zone of 25,250 to 25,350 can be seen.
He further said that if the levels of 24,700 are broken, the decline may increase further.
The Indian stock market started rapidly. At around 9.29 am, the Sensex was trading at 281.75 points or 0.35 percent to 81,233.74, while the Nifty was trading at 109.75 points or 0.45 percent to 24,719.45.
Foreign institutional investors (FIIs) were pure seller as they sold equity worth Rs 5,045.36 crore on 22 May, while domestic institutional investors (DIIs) bought equity worth Rs 3,715.00 crore.
-IANS
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