By Admin 
Stock Market News: The stock market made a good start on Wednesday on the strength of IT stocks, but as the day progressed, the gains got limited due to profit booking in heavy stocks. BSE Sensex, an index based on 30 shares, closed at 82,276.07 points with a gain of 50.15 points or 0.06 percent. At one time during trading it jumped 731.99 points to reach 82,957.91.
Slight rise in stock market
Whereas NSE’s Nifty 50 rose by 57.85 points or 0.23 percent and closed at 25,482.50 points. Among Sensex companies, shares of HCL Technologies, Tata Steel, Tata Consultancy Services, InterGlobe Aviation, Sun Pharmaceutical, Mahindra & Mahindra, Maruti Suzuki and Tech Mahindra were in the lead. On the other hand, decline was recorded in Reliance Industries, State Bank of India, Adani Ports and Eternal.
Ponmudi R, CEO of online trading firm Enrich Money, said the market made a strong start on positive global cues and a rise in US tech stocks, but gains were limited by profit-booking at upper levels and global trade concerns. In Asian markets, Kospi, Shanghai Composite, Nikkei 225 and Hang Seng Index closed with gains, while European markets also remained in positive territory.
Boom in American market also
American markets closed with gains on Tuesday. Foreign institutional investors (FIIs) made net sales of Rs 102.53 crore, while domestic institutional investors (DIIs) bought Rs 3,161.22 crore. Global oil benchmark Brent Crude fell 0.14 percent to $ 70.67 per barrel. It is noteworthy that on Tuesday, Sensex fell 1,068.74 points to 82,225.92 and Nifty fell 288.35 points to close at 25,424.65.
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