By Admin 
Stock Market News: Due to tremendous strength in IT and auto stocks amid tensions related to Iran, the domestic stock market closed with gains for the fourth consecutive day. The 30-share S&P BSE Sensex jumped 633.29 points to close at 76,704.13, while the NSE Nifty 50 rose to 23,777.80. The biggest gain in Sensex was recorded in the shares of Eternal, which gained 3.37 percent.
After this, shares of Infosys rose by 2.84 percent, Tech Mahindra Limited by 2.81 percent, Mahindra & Mahindra by 2.73 percent and HCL Technologies by 2.62 percent.
What do experts say?
Regarding this rise in the market, Vinod Nair, chief researcher of broking firm Geojit Investments Limited, said that the purchases made after the recent sharp selling have helped in stabilizing the market. According to him, along with the strength in IT, realty and auto stocks, the rise in midcap and smallcap stocks is also supporting the market.
On the other hand, a decline was also seen in some shares. Among these, shares of NTPC fell by 1.29 percent, while shares of Hindustan Unilever fell by 1.04 percent, Sun Pharmaceuticals by 0.87 percent, HDFC Bank by 0.34 percent and ITC by 0.30 percent.
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