Categories: Business

Stock market at 4 month high on positive global cues


Stock market today

new Delhi. Indian stock markets have gained for the third consecutive day due to positive signals from foreign markets. However, the news of record boom in new cases of Corona also saw pressure in the market. In the last trading session of the week, the Sensex gained 178 points to close at 36021 and the Nifty gained 56 points to close at 10607. After rising, the market reached an all-time high of 4 months.

On Thursday, the US job market figures have come out, which have been better than estimates. According to President Trump, these are signs of recovery in the economy. Apart from this, the economic data from China has also been better. With the help of these signals, the US and Asian markets saw an increase. The MSCI index, based on emerging economies, rose 0.9 percent to its highest level since March 6. However, the pressure of increasing cases of taxation was also seen on the signals from the economy. A record 55 thousand new cases a day have been reported in American. At the same time, the number of new cases coming in a day in India is above 20 thousand. Due to this, investors kept vigil at the time of market buying. The relief news for India is that the recovery rate has now crossed 60 percent.

The most growing sectors in today's business include auto, realty and IT sectors. The three sector indices closed with a gain of over 1 per cent. At the same time, the power sector index has increased by about 1 percent. The FMCG sector index closed up 0.6 percent and the pharma sector index gained 0.2 percent.

This post was published on July 3, 2020 4:30 pm

Content Team

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