Categories: Business

stock market ends in green on positive global cues


Stock market today

new Delhi. The domestic stock market saw an increase for the second consecutive day today. In Thursday's trade, the Sensex gained 429 points to close at the level of 35844 and the Nifty rose 122 points to 10552. The IT sector saw the highest growth in today's business. The growth in the stock market is due to positive signals from foreign markets. Foreign markets have been trending steadily for 4 consecutive days, while the Sensex has registered an increase of over 900 points in the last two days. The Sensex has remained above the 34,700 level since June 19. The index remained below this level from 11 March to 10 June.

With the help of positive news related to the vaccine being made to deal with the corona virus, the boom in foreign markets is continuing. According to reports, the initial trials on humans of the vaccine being prepared by Pfizer and German pharma company BioNTech have been successful, raising the expectation of timely vaccination. Along with this, investors' confidence has also returned from better estimates from US Asia and Europe job market. American job statistics are to come today, while in the coming time other countries will also release their figures.

The auto sector has seen the most gains in Thursday's business. The index closed up 2.88 percent. The IT sector index closed up 2.64 percent. The metal sector index has seen a gain of over 1 per cent. The pharma sector has been growing by around 1 per cent. Business in the banking sector remained sluggish today. The banking sector index closed up 0.02 per cent, while the banking sector index gained 0.06 per cent.

This post was published on July 2, 2020 4:12 pm

Content Team

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