Gains drive market to end high; Auto Index led gains
The stock market ended higher on Friday, driven by gains. The domestic market witnessed low volatility in the absence of fresh triggers and traded on a positive note throughout the session.
The stock market ended higher on Friday, driven by gains. The domestic market witnessed low volatility in the absence of fresh triggers and traded on a positive note throughout the session.
Benchmark indices closed with little change on Thursday in yet another volatile session, with the Nifty at 23,750 led by auto, pharma, energy stocks. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or at 23,750.20.
The Nifty 50 closed 0.11% lower, settling at 23,727, while the Sensex ended with a minor 0.09% drop at 78,472.
After witnessing a decline of about 5 per cent over the previous five consecutive trading sessions, the domestic benchmark indices closed in green on Monday amid strong global cues.
At close, the Sensex was up 498.58 points or 0.64% at 78,540.17, and the Nifty was up 165.95 points or 0.70% at 23,753.45.
In July, they were, however, the net buyer with a total purchase of equities worth Rs 4,989 crore. So far in August, they bought equities worth another Rs 36,716 crore, data showed.
At 9.22 a.m., Sensex traded at 59,992.45 points, up 150.24 points or 0.25 per cent, whereas Nifty traded at 17,874.95 points, up 49.70 point or 0.28 per cent.
Foreign portfolio investors becoming net buyers in Indian stock markets again after nine long months renewed the investors' sentiment.
This link will divert capital from Singapore to India through Gift, which is being positioned by the Indian government as a worldwide tech and monetary administrations center point.
At 10.15 a.m., the 30-scrip sensitive index traded at 59,921.26 points, down 438.60 points or 0.77 per cent.
