Due to positive global cues and continuous inflow of foreign funds, the stock market rose on the last trading day of the week ie Friday. The Bombay Stock Exchange’s flagship index Sensex gained 0.65 per cent to close at 43882.25, up 282.29 points. At the same time, the National Stock Exchange’s Nifty gained 0.68 percent (87.35 points) to close at 12859.05.
Foreign institutional investors also remained net buyers in the capital market on Thursday, and according to provisional data on the stock market, they bought shares worth Rs 1,180.61 crore on a gross basis. The markets of Shanghai, Hong Kong and Seoul in Asia saw an increase, while Tokyo declined.
The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. However according to analysts, further market volatility will continue. Hence investors should be cautious. It may be known that on 16 November 2020 this week, the domestic stock market was closed on the occasion of Diwali Balipratipada.
Talking about the big stocks, today the shares of Bajaj Finserv, Titan, GAIL, Bajaj Finance and Bharti Airtel closed on the green mark. Reliance, Adani Ports, IdsInd Bank, Axis Bank and Sun Pharma closed at the red mark.
If we look at the sectoral index, today, apart from pharma and media, all sectors closed on the green mark. These include FMCG, IT, PSU banks, banks, private banks, finance services, realty, metal and auto.
Today the stock market was open on the green mark. The Sensex opened at 43729.62, up 129.66 points (0.3 per cent). At the same time, the Nifty started with a gain of 38.80 points (0.3 per cent) at 12810.50.
The stock market closed on the previous trading day amid negative global cues. The Sensex was down 580.09 points to end at 43599.96, down 1.31 percent. At the same time, the Nifty was down 1.39 percent (166.55 points) to close at 12771.70.