Categories: Business

stock market up on positive global cues


stock market today

new Delhi. Domestic stock markets closed today with the help of positive signals from foreign markets. After the news related to new treatment options to deal with Corona, there was a trend in foreign markets. In the first trading session of the week, the Sensex gained 364 points to end at 38799 and the Nifty gained 95 points to end at 11466. The banking sector has seen the biggest increase in today's business.

The United States has allowed plasma treatment of people recovering from corona. According to the US government, this option of treatment has been approved in view of the superior results of plasma therapy. This decision by the US has improved sentiments among investors. After which shopping has been seen in markets across the world. Monday's business saw an increase in all major markets of Asia. Hong Kong's Hangseng closed up 1.74 percent. At the same time, the markets of Australia, China, Japan and Taiwan also closed with an increase, although their growth was less than half per cent. On the other hand, European markets are also seeing an upward trend. Germany's DAX was up 2.4 per cent at the close of domestic markets. France's CAC 40 was up 2.2 percent and England's FTSE 100 was up 1.86 percent. Europe's Euronext 100 also saw more than 2 per cent growth.

In today's business, more than 200 stocks have reached new highs of the year. This includes Hero MotoCorp, Sanofi India, SRL, Tata Coffee. At the same time, the biggest gains have been seen in banking stocks today. The banking sector index closed up 2.3 percent today. At the same time, the financial services sector grew by 2 percent. Auto, FMSG and metal sectors also recorded growth, although these growth was less than 0.25 per cent. On the other hand, IT, pharma and energy sector indices closed down marginally.

This post was published on August 24, 2020 4:39 pm

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