Categories: Business

Stock market ends in green as RIL surge


stock market today

new Delhi. With the help of better signals from foreign markets and the record rally in RIL, the domestic stock market has once again gained after one day of sluggishness. In Thursday's trade, the Sensex gained 269 points to 38,140 and the Nifty gained 83 points to close at 11,215. All major indices except the IT sector closed in the green mark during the business. Energy sector was the fastest. In the energy sector, Reliance Industries stock rose to a new record level of 2076 with a gain of 3.59 per cent.

The European market is currently trending upwards, while the Asian market has got signs today. The rise in European markets was seen after better results than many other big companies including Unilever. Signs of better earnings also reduced the impact of ongoing tensions between China and the US over the market. At the close of the domestic stock market, there was an increase in the European market, in which the London market was trading with the highest gain. During this period, the UK's FTSE 100 was up 0.7 per cent, Germany's DAX 0.63 per cent and France's CAC 40 0.62 per cent. Hong Kong's Hang Seng closed with a gain of 0.82 per cent. On the other hand, Japan's Nikkei closed down 0.58 percent, China's Shanghai Composite 0.24 percent and Taiwan's TSEC 50 index fell 0.48 percent.

Better results from foreign companies indicated that by the end of the quarter, business had started coming out of the Corona crisis, due to which investors in India markets also bought shares of strong companies. In today's business, all the major sector indices except the IT sector have closed with an increase on the NSE. The IT sector index also declined by 0.18 per cent. On the other hand, the energy sector index closed up 1.53 per cent, the pharma sector index 1.44 per cent, the realty sector index 1.41 per cent, the auto sector index 1.35 per cent and the government banks index rose 1.23 per cent. The banking and metal sector index closed up 0.8 per cent.

This post was published on July 23, 2020 4:36 pm

Content Team

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