Mumbai, 4 July (IANS). The Indian stock market closed in a green mark in Friday’s trading session. At the end of the day, the Sensex rose by 193.42 points or 0.23 per cent to 83,432.89 and the Nifty was up 55.70 points or 0.22 per cent to 25,461.
The market boom was led by IT and banking shares. The Nifty IT index closed up 0.80 percent and the Nifty Bank index with a gain of 0.42 percent. In addition, purchases were observed in PSU Bank, Pharma, FMCG, Media and Energy Index. At the same time, auto and metal index closed in red mark.
Midcap and smallcap stocks saw flat business. The Nifty Midcap 100 index declined by 5.50 points to 59,677.75 and the Nifty Smallcap 100 index rose by 6 points or 0.03 percent to 19,033.05.
The Sensex Pack included Bajaj Finance, Infosys, HUL, ICICI Bank, HCH Tech, UltraTech Cement, Bajaj Finserv, SBI, TCS, Axis Bank, L&T and BEL gainers. Trent, Tata Steel, Tech Mahindra, Maruti Suzuki, M&M, ITC, Asian Paints, Tata Motors and Sun Pharma were the top losis.
Vinod Nair, Research Head of Geojit Investments Limited, said that the Indian market is experiencing stagnation as investors are adopting a strategy of waiting and monitoring before the American tariffs with mixed global signals.
He further stated that the ongoing FII outflow reflects the risk-free approach, while DII Inflow is providing partial support. After the recent rise, the main index remain near the top assessment levels, which is limiting further boom. Mid and Small Cap Space Market has become more stock-specific after the recent recovery.
The domestic benchmark indexs were opened with a slight edge with mixed global signals. At around 9.34 am, the Sensex was trading at 32.52 points or 0.04 percent to 83,271.99, while the Nifty was trading at 3.45 points or 0.01 percent to 25,408.75.
-IANS
ABS/
