new Delhi. With the help of positive signals in foreign markets, domestic stock markets closed on Tuesday for the fourth consecutive session. In today's trade, the Sensex gained 225 points to close at 38407 and the Nifty rose by 52 points to 11322. The pharma sector closed with a fall in today's trade after a sharp rise in Monday's trade.
The rise in the major index has been due to the positive signals from foreign markets, due to the purchase of heavy shares. In today's business, Reliance Industries grew by half per cent, HDFC Bank and HDFC by over 1 per cent. Hindustan Unilever closed close to previous levels. On the other hand, TCS and Infosys recorded slight falls.
Today, the overseas markets were on the upward trend after hopes of a new relief package in the US. On the other hand, the expectation of softening of tension in the US and China before the business negotiations also brought relief to the markets. In today's business, foreign markets hit near 5-and-a-half-month highs. The European market continues to grow early. At the closing of the domestic markets, France's CAC 40 has gained 2.84 per cent, Germany's DAX 2.69 per cent and UK's FTSE 100 has gained 2.37 per cent. While there are signs of Asian markets, Japan's Nikkei has gained 1.88 percent and Hong Kong's Heng Seng has gained 2.11 percent. China's Shanghai Composite closed down 1.13 percent.
In Tuesday's trade, the pharma sector index closed down 1.3 percent, the realty sector index fell 0.64 percent and the IT sector index fell 0.52 percent. The index of public sector banks declined marginally. On the other hand, the index of private banks closed at 1.68 percent, Metal Sector Index 1.63 percent and Banking Sector Index gained 1.49 percent.
This post was published on August 11, 2020 4:37 pm
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