A tremendous rise was seen in the market on Friday. Clearing all the hurdles, Nifty gave a strong closing, which seems to continue the uptrend in the coming week. On Friday, Nifty closed 244 points higher at 24,206, while Sensex closed 827 points higher at 77,569. The special thing is that this morning the indices opened with gains; Nifty was up 161 points at 24,124 and Sensex was up 653 points at 77,395.
During Friday’s session, Nifty touched a high of 24,228 and a low of 24,120, which shows that the market is struggling to remain above 24,000. Crude oil prices are showing a downward trend and are trading around $76; The market is operating on the assumption that tensions between the US and Iran are decreasing.
How did the different indexes perform? Nifty Realty: +3.13%
Nifty PSU Bank: +2.96%
Nifty IT: +1.95%
Nifty Bank: +1.47%
nifty 50 gainers
Jio Financial +3.61%
HDFC Life +3.13%
Adani Enterprises +2.65%
BEL +2.23%
nifty 50 losers
Dr. Reddy’s -2.14%
Eicher Motors -1.13%
Bharti Airtel -0.48%
Nestlé -0.39%
Nifty Realty Index at 7 month high
Brigade Enterprises +5.99%
Godrej Properties +4.56%
DLF +3.82%
Oberoi Realty +2.39%
Stocks rising on the basis of news
Ion Exchange +15% (order received)
Muthoot Microfin +12.61% (Business Update)
Indian Bank +9.73% (Results)
Bluejet Healthcare +7.75% (raising funds through QIP)
How was the market performance before this? At present, 28 out of 30 Sensex stocks are trading with gains. Only Sun Pharma and Bharti Airtel are trading with a decline of up to 1.15%.
IT stocks were the stars of the day
Stocks like TCS, HCL Tech, Infosys, Tech Mahindra, UltraTech Cement and Asian Paints are currently among the top gainers in the Sensex. A rise of up to 2.5% is being seen in these stocks. 5 important things for the market
GIFT Nifty up 120 points; bullish signals
All-round growth in US market; Dollar index decline
Nikkei rose 1.7% and Kospi rose 3.5%
Slight softening in crude oil prices; trading around $76
Yesterday, FIIs sold shares worth ₹532 crore, while DIIs bought shares worth ₹2,057 crore.
