Strength in the stock market, Sensex closed with a jump of 484 points, know how the market will move next week.

Stock Market Today: The stock market closed strongly on Friday, the last trading day of the week. The tremendous growth in the FMCG sector and the rise in the shares of Reliance Industries supported the market. S&P BSE Sensex rose 484.53 points to close at 83,952.19 points, while NSE Nifty 50 also crossed 25,600 with a gain of 124.55 points.

Investor sentiment strong

According to market analysts, “Despite the fluctuations in global markets, the confidence of domestic investors remains strong.” The market got strengthened due to increased buying in stocks of finance, auto and FMCG sectors.

During trading on Friday, BSE Sensex rose 704.58 points to reach a high of 84,172.24 points. At the same time, NSE’s Nifty closed at 25,709.85 points with a gain of 124.55 points (0.49%). Asian Paints was the biggest gainer among Sensex stocks, rising 4.18 percent. Apart from this, shares of Mahindra & Mahindra, Bharti Airtel, ITC, Hindustan Unilever, ICICI Bank and Reliance Industries also closed with gains.

On the other hand, shares of Infosys, HCL Tech, Tech Mahindra, Tata Steel and Eternal saw a decline. Foreign institutional investors (FIIs) bought shares worth Rs 997.29 crore on Thursday, while domestic institutional investors (DIIs) bought shares worth Rs 4,076.20 crore.

Asian market situation

In Asian markets, South Korea’s Kospi remained in positive territory, while Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng closed with a decline. European markets were in a weak trend in afternoon trading and American markets also closed with a decline on Thursday.

Global oil benchmark Brent crude fell 0.92 percent to $60.50 per barrel. In the last session, BSE Sensex rose 862.23 points to 83,467.66 points, while Nifty rose 261.75 points to close at 25,585.30 points.

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