between general elections The stock market was trading in a limited range for the last several days but today there was good strength in the market. Actually, the volatility in the market has reduced somewhat due to the fall of India VIX. On Wednesday, India Vix fell 1.49% to close at 21.48. Its effect was visible on Sensex and Nifty. Sensex jumped 267.75 points to close at 74,221.06 points. Similarly, NSE 92.70 Nifty also gained points and reached 22,621.75 points.
Let us tell you that the domestic markets witnessed a rise in early trade on Wednesday. Among the companies listed on the Sensex, shares of Reliance Industries, NTPC, Hindustan Unilever, Asian Paints, Nestle and ITC were the biggest gainers. Shares of State Bank of India, Power Grid, JSW Steel and Mahindra & Mahindra suffered losses. In the Asian markets, China’s Shanghai Composite, South Korea’s Kospi and Hong Kong’s Hang Seng were in loss while Japan’s Nikkei was in profit.
Selling by foreign investors continues
US markets closed on a positive note on Tuesday. Global oil benchmark Brent crude futures were trading 0.69 per cent lower at US$82.31 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers in the capital market on Tuesday and sold shares worth a net Rs 1,874.54 crore.
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