new Delhi. The stock market has seen an increase for the third consecutive day today. In Wednesday's trade, the Sensex gained 86 points to close at 38615 and the Nifty gained 23 points to close at 11408. Public sector banks have seen the highest growth in today's business. European market signs and buying in giants like Reliance Industries, HDFC Bank were the main reasons for today's market boom. The Sensex has gained over 700 points in the last 3 days.
Signs from foreign markets remained mixed today. European markets are on the rise, while half of the stock markets in Asia closed down. Today's business saw an increase in the markets of Australia, India and Japan. Markets in China, Hong Kong and Taiwan closed down. The European market had an upward trend until the domestic stock market closed. Markets in Switzerland, Germany, France and England were showing slight gains. However, Europe's Euronext was down 0.1 percent during this period.
Public sector banks were the biggest gainers in today's business, with the index closing up 2.36 percent. On the other hand, the realty sector grew by 1.26 percent, the metal sector by 0.23 percent, private banks and financial services sector by 0.4 percent. On the other hand, FMCG sector closed down by 0.44 percent, IT sector by 0.33 percent, pharma sector by 0.38 percent and auto sector by 0.01 percent.
The 28 Nifty stocks ended with gains. Of this, 10 stocks were up more than 1 percent. Among the heavyweights, Reliance Industries closed 0.68 per cent, HDFC Bank 1.04 per cent, HDFC 0.44 per cent, Bharti Airtel 1.77 per cent, ICICI Bank 1.34 per cent. On the other hand, HUL closed down 0.9 per cent, Infosys 0.8 per cent and ITC 0.08 per cent.
This post was published on August 19, 2020 5:18 pm
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