The stock market rose for the fourth consecutive day. Why?



At the end of the day's trading, the Sensex recorded a jump of 163.37 points and the Sensex closed at 41306.03 points.


Mumbai: After the budget, the trend in the Indian stock market continued on Thursday for the fourth consecutive day. At the end of the day's trading, the Sensex recorded a jump of 163.37 points and the Sensex closed at 41306.03 points. At the same time, the Nifty was at 12137.95. In the early trading of the day, both the Sensex and the Nifty were trading with green marks. The Sensex was trading at 41,217.11, up by 74.45 points from the previous session at 10.36 am.

At the same time, the Nifty was up 24.45 points at 12,111.55 as compared to the previous session. In the beginning of the first session, the 30-share Sensex of the Bombay Stock Exchange (BSE) opened at 41,209.13 and rose to 41,342.19.

The National Stock Exchange's 50-share sensitive index Nifty opened at 12,120 and rose to 12,151.25, up sharply from the previous session. Experts say that after the General Budget was presented in Parliament, during the special session, there was a huge fall in the market on Saturday, which saw recovery in the previous sessions. However, foreign signals are also getting positive due to which the domestic stock market is getting support.

The Nifty Next-50 index is computer-based in which companies are ranked in a free-flow manner by multiplying between the stock price of the companies and the number of shares available in the market. LTI said it was an honor for the company to join the Nifty Next-50. It shows that the company is among the top 50 companies attracting investors.

Bengaluru Technology consulting and digital solutions company Larsen & Toubro Infotech (LTI) has been included by the National Stock Exchange (NSE) in its 'Nifty Next-50' index. LTI gave this information in a release. The company was listed in July 2016. The company has recorded rapid growth in the last four years.

On the last day of the week, there was a good boom in the domestic stock markets. After a break of one day, the major index again returned to the fast track. Market position was strengthened by buying in big stocks. The softening of Asian markets limited market growth.

At 9.30 am, the BSE Sensex also recorded 323 points, or 0.95 per cent, at the level of 34,303. At the same time, the Nifty 50 index also saw a jump of 103 points or 1.03 per cent to trade at the level of 10,132.

On Thursday, the trend of US stock markets appeared to be weak. The Dow Jones closed with a slight gain of 0.05 per cent. While the S&P 500 index gained up to 0.34 percent. The Nasdaq Composite weakened by 0.69 percent.

The BSE Midcap index gained 1 percent and the Smallcap index gained 1.5 percent. Only the IT, Tech and Realty index disappointed on BSE. The metal index jumped by two per cent, while the Bankex, Basic Material, Industries and Capital Goods indices rose by two and a half per cent.

Tata Steel shares rose 3.94 per cent to Rs 332.75 on the BSE Sensex. State Bank of India shares rose 2.64 percent to Rs 178.65. Stock order of Sun Pharma, ONGC and IndusInd Bank rose 2.37 per cent, 2.18 per cent and 2.17 per cent respectively.

On the other hand, TCS shares plunged 1.98 per cent to Rs 2,056.55. Shares of Bajaj Auto slipped 1 percent to Rs 2,790.90. Shares of Power Grid, Infosys and Hindustan Unilever lost 0.77 per cent, 0.46 per cent and 0.44 per cent respectively.

Mubadala Investment Company of Abu Dhabi has bought 1.85 per cent stake in Reliance Industries' Jio platform by investing Rs 9,094 crore. On the other hand, Bharti Airtel has rejected the reports that it was being told that Amazon can invest $ 2 billion in the company.

There was some relief after the initial weakness in Asian markets. The central bank of Europe has surprised the market by giving more relief packages than expected. However, the level of unemployment in the US disappointed the market. The Australian market slipped 0.3 percent.

Foreign portfolio investors continued buying on Thursday. During the last session, these investors bought shares worth a net Rs 2905.04 crore in Indian markets. However, domestic institutional investors sold net Rs 847.31 crore.

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