By Admin 
Share Market Today: The Indian stock market has made a great start on the first trading day of June. In early trading, BSE Sensex crossed the level of 75,200 with a rise of about 440 points, while NSE Nifty was seen rising by more than 100 points and trading around 23,650.
Effect of boom in foreign markets visible
The positive effect of the strength of the last trading session in the American markets and the rise in the Asian markets was also seen on the Indian market. The confidence of domestic investors strengthened amid gains in major indices of Japan, South Korea and Hong Kong.
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Market recovered from last week’s fall
On Friday, a huge fall was recorded in the market due to selling by foreign investors and MSCI rebalancing. However, on Monday, investors bought at lower levels, due to which a good recovery was seen in the market.
Buying in banking and IT stocks
Banking, IT and auto stocks have contributed significantly to the market rise. Buying has been seen in shares of major private and government banks. Apart from this, investors also showed interest in shares of IT companies.
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What do experts say?
According to experts, in the coming days, activities of foreign investors (FII), crude oil prices, progress of monsoon and global economic developments will decide the direction of the market. If buying by foreign investors continues, further strength may be seen in the market. Market experts believe that signs of recovery are currently visible in the market. However, investors are being advised to remain cautious amid ups and downs and invest in stocks with strong fundamentals.