new Delhi. Indicative signs of softening in the India-China tensions and rising trend in the foreign stock markets have seen the domestic stock market pick up in the first trading session of the week. Today the fourth consecutive day closed with a domestic market share gains. In Monday's trade, the Sensex gained 466 points to close at 36487 and the Nifty gained 156 points to close at 10764. Auto sector was the biggest gainer in today's business.
According to reports, China is withdrawing its troops from the Indian border, which has given investors hope to reduce India-China tension. At the same time, there is an increase in foreign markets. The MSCI World Index, based on the stock markets of 49 countries around the world, has gained 0.7 percent. Also, apart from Japan, the MSCI Asia Pacific Index based on other Asian markets has seen a growth of 1.6 percent. Early trading in European markets is seen today. According to experts, due to better signal than expected from many big economies around the world, there is a buying phase in the markets. Recently, the US and Chinese government indicated that their economies are seeing improvement.
The realty, auto and metal sectors have seen growth in the first trading session of the week. The auto sector index closed up 2.88 percent, the realty sector index 2.81 percent and the metal sector index rose 2.29 percent. The banking sector index rose 1.65 percent and the IT sector index rose 1.11 percent. In today's business, the pharma sector index closed down 0.65 per cent.
This post was published on July 6, 2020 4:29 pm
Photo: PTI (FILE) Nitin gadkari new Delhi. Union Minister Nitin Gadkari said on Friday that India could become a major…