Mumbai
The Indian stock market closed with a rapid rise in Friday’s trading session. Shopping was seen in all the market indices. At the end of the trading, the Sensex gained 1,310 points or 1.77 percent to 75,157 and the Nifty 429 points or 1.92 percent to 22,828. The reason for the stock market raises is believed to be postponed by US President Donald Trump for 90 days.
The market boom was led by auto and pharma shares. The Nifty Auto Index closed up 2.03 percent and the Nifty Pharma index with a gain of 2.43 percent. In addition, all index with PSU bank, financial services, metal, energy and media closed in green mark.
The Nifty Pack featured Hindalco, Tata Steel, JSW Steel, Coal India, Jio Financial Services, ONGC, Adani Enterprises, Grassim, Power Grid, Trent, Cipla, NTPC and HDFC Bank Top Gainers. The NSE benchmark index consisted of only TCS, Asian Paints and Apollo Hospitals Top Loisers. The Nifty Midcap 100 index rose by 919 points or 1.85 percent to closes 50,501 and the Nifty Smallcap 100 index 439 points or 2.88 percent to close at 15,696.
3,115 shares on Bombay Stock Exchange (BSE) have closed in green mark, 846 shares in red mark and 118 shares have closed without any change.
LKP Securities, Senior Technical Analyst, Roopak De says 23,000 for Nifty is a blockage level. If the NSE benchmark succeeds in crossing this level, then the level of 23,500 can also be seen. In case of decline, 22,750 will be an important support level.
The stock market started rapidly. At 9:38 am, the Sensex gained 1,349 points or 1.83 percent to 75,196 and the Nifty was 444 points at 22,843.
