With the formation of the NDA government led by the Bharatiya Janata Party, the domestic stock market has also increased its pace. The stock market started strongly on Thursday. The benchmark Sensex of the Bombay Stock Exchange (BSE) was seen trading at the level of 74862.91 with a sharp jump of 480.67 points at 9:38 am today. Similarly, the Nifty was also trading at the level of 22763.20 with a jump of 142.85 points. On June 4, the stock market had fallen by 6100 points due to the BJP not getting an absolute majority in the results of the Lok Sabha elections. On Thursday, the broad indices opened in the green mark in the domestic stock market. The Bank Nifty index opened at 49,068.60, up 14 points or 0.03%.
Broader indexes in the green
The broad indices opened in the green on Thursday in the domestic stock market. The Bank Nifty index opened at 49,068.60, up 14 points or 0.03%. NTPC, SBI, ONGC, Power Grid and Coal India were the top gainers in the Nifty 50. While Britannia, Hero Motocorp, Hindustan Unilever, Hindalco and Nestle India were the top losers in the Nifty 50 on June 06.
Movement in the international market
Gold firmed on Thursday as the dollar and Treasury yields fell, raising the possibility that US interest rate cuts could start as early as September, while investors awaited US non-farm payrolls data, according to Money Control. Spot gold rose 0.8% to $2,373.31 per ounce by 0258 GMT, after rising 1 per cent in the previous session.
US gold futures rose 0.7% to $2,392.80 an ounce. Earlier, foreign institutional investors (FIIs) sold shares worth Rs 5,656.26 crore on June 5, while domestic institutional investors (DIIs) bought shares worth Rs 4,555.08 crore.
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