Categories: Business

stock market ends in green on positive global cues


Stock market today

new Delhi. With the help of positive foreign signals, the decline of the stock market continued for 3 days today. The stock market closed with a gain in Tuesday trading. Investors have also received some relief from the increase in lockdown in the country along with foreign signals. On the other hand, after the better results of the companies, the stock index buying has also benefited the major index. In Tuesday's trade, the Sensex gained 167 points to 30196 and the Nifty gained 56 points to end at 8879.

The news in foreign markets today was the most affected, according to which the initial trials of the vaccine being developed by an American company for Corona's treatment have been very positive. This has created some expectations for investors to control the epidemic. According to the American company Moderma, with the help of his vaccine in the initial investigation, some healthy volunteers have developed antibodies to protect the body, and have not found any side effects. After the news, the boom in foreign markets also had an impact on Indian markets.

Along with this, the major index also benefited from the surge in Bharti Airtel due to better results. The stock gained over 11 per cent and Bharti Airtel's stock was the leading gainer among the Nifty stocks in today's trade.

The Nifty today saw an increase in 36 stocks. Apart from Bharti Airtel, Adani Ports grew around 9 per cent and ONGC 5.6 per cent. On the other hand, Reliance Industries saw pressure on the index due to the fall of more than 2 percent.

In today's business, the highest growth was seen in the auto and metal sectors. Both sector indices closed up more than 1-1 percent. At the same time, IT and Financial Services sector index grew by about 1 percent. On the other hand, there was pressure in banking stocks after initial gains and the sector index closed down 0.3 per cent.

This post was published on May 19, 2020 4:10 pm

Content Team

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