By Admin 
Stock Market News: Due to the strong rise in the shares of IT giant Infosys, the domestic stock markets returned to glory after two days on Friday. Major indices closed with slight gains. BSE Sensex rose 188 points, while Nifty registered a rise of 29 points.
BSE’s benchmark index Sensex based on 30 shares closed at 83,570.35 points with a gain of 187.64 points or 0.23 percent after two consecutive trading sessions of decline. At one time during trading, the Sensex had jumped 752 points to reach 84,134.97 points.
At the same time, NSE’s 50-share standard index Nifty closed at 25,694.35 points with a gain of 28.75 points or 0.11 percent.
Infosys became the biggest reason for the rise
Among the companies included in Sensex, Infosys shares registered the highest rise of 5.67 percent. The company’s operating revenue increased by 8.9 percent to Rs 45,479 crore in the December quarter. Along with this, Infosys increased the revenue growth estimate for the current financial year to 3–3.5 percent, which strengthened the confidence of investors.
Apart from this, shares of Tech Mahindra, HCL Tech, State Bank of India, UltraTech Cement and HDFC Bank were also major gainers.
There was a decline in these shares
On the other hand, shares of Eternal, Asian Paints, Bharat Electronics, Sun Pharma and Maruti declined, which put a brake on the market rally to some extent.
Vinod Nair, Head of Research, Geojit Investments Limited, said, “The market witnessed a positive trend due to better quarterly results of IT and medium banking stocks. However, the upside remained limited due to profit-booking in the last hour of the trading session.”
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,781.24 crore on Wednesday, while domestic institutional investors (DIIs) bought shares worth Rs 5,217.28 crore. It is noteworthy that the stock market remained closed on Thursday due to voting for municipal elections in Maharashtra.
condition of global markets
In Asian markets, South Korea’s Kospi index closed with gains, while Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss. European markets were trading with losses, while American markets closed with gains on Thursday.
International oil standard Brent crude rose 1.05 percent to $ 64.43 per barrel, the impact of which can be seen on the market movement in the coming days.
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