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Stock Market Updates: Due to the strength in banking stocks, the Indian stock market has seen an increase during early trade on Monday. The 30 -share BSE Sensex climbed three hundred points to open at 78,903.09 and then it saw a great jump. At around 9.20 am in the morning, the Sensex was 0.60 percent i.e. 472 points to 79,025.56. Similarly, NSE 50 also showed a similar boom. Climbed up 0.40 percent to 23,969.40 at around 9.15 am.
Stock market boom
BSE was the highest benefit ICICI, HDFC, Mahindra & Mahindra, Sun Pharma and Indusand Bank. The market is getting full support in Infosys, ICICI and HDFC banking stocks. Earlier, on Thursday, the stock market traded with a weak start after two days of rise. The Sensex fell by about 320 points, while the Nifty fell down to 23350. As soon as the market opened, the Sensex went below 181.39 points i.e. 0.24 % and reached 76862.90. Whereas, the Nifty was trading at the level of 23,300, broken by about 100 points.
Foreign portfolio investors (FPI) added around Rs 8,500 crore to domestic stock markets last week. Earlier this month, FPI sold in the domestic market. After this, the hope of some relief on the Global Trade front and the strong domestic economy increased the trust of the investors. According to depository data, FPI purely invested Rs 8,472 crore in shares during the week ended April 18 with low trading sessions. It also includes withdrawal of Rs 2,352 crore on April 15.
FPI started returning!
However, in the next two sessions, he invited Rs 10,824 crore. Research Himanshu Srivastava, Associate Director-Manager of Morningstar Investment, says that FPI activities indicate possible changes in recent rapid perception, but the stability of this flow will depend on the global large economic status, stability in the US trade policy and the landscape of India’s domestic growth.
It is worth noting that due to the rise in the market last week, the market capital combined of the Sensex’s top 10 companies has increased by Rs 3.84 lakh crore. This has earned tremendous earnings from investors. Mukesh Ambani’s market value of Reliance Industries increased by Rs 74,766.36. Along with this, Bharti Airtel’s market value was increased by Rs 75,210.77 crore.
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