On the last day of the week, the domestic Stock Market started trading strongly. The Sensex closed 1961 points higher at 79,117 and the Nifty closed 557 points higher at 23,907. The rise was mainly due to buying in banking and IT sectors. Strong buying was seen in the realty, FMCG and consumer durables sectors. On the other hand, the Bank Nifty rose 762 points to close at 51,135. The IT index was up nearly 3%.
Foreign institutional investors (FIIs) sold shares worth Rs 5, 320.68 crore, while domestic institutional investors (DIIs) bought shares worth Rs 4, 200.16 crore. According to market experts, this increase in the stock market is due to positive trends in the global market and expectations of improvement in the domestic economy. However, investors should keep an eye on global developments in the coming time.
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Best performing Shares
Many major stocks performed well in the market today. Shares of giants like Bajaj Finance, Titan, ITC rose between 3.5% and 4%. On the other hand, TCS, Larsen & Toubro, Reliance Industries and other major companies’ shares also closed with gains of more than 3%.
Below shares also performed well
Many major stocks performed well in the stock market today. Stocks like Bajaj Finserv, Sun Pharma, Hindustan Unilever rose over 2%. Besides, shares of Adani Ports, Maruti Suzuki, IndusInd Bank and other major companies also closed with gains ranging from 1.5% to 2%.
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