Abhitesh
On Monday, equity benchmark prices kept going up for the third day in a row, thanks to positive trends in markets around the world.
Early in the day, the 30-share BSE Sensex went up 471.45 points to 64,835.23 points. The Nifty went up 126.75 points to 19,357.35 points.
The companies on the Sensex that did the best were Larsen & Toubro, Axis Bank, Nestle, JSW Steel, IndusInd Bank, and Mahindra & Mahindra.
The last ones to move were the State Bank of India and Tata Motors.
The stock markets in Seoul, Tokyo, Shanghai, and Hong Kong were all up.
The US markets finished the week in the green on Friday.
“The way the market is set up right now is good for bulls, even though the conflict between Israel and Hamas is uncertain.” The biggest trend supporting the market right now is the sharp drop in the yield on 10-year US bonds from its peak in October at 5% to 4.58%. This is according to V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
As a measure of the world’s oil market, Brent crude went up 0.37 percent to USD 85.20 a barrel.
According to records from the exchange, foreign institutional investors (FIIs) sold shares worth ₹12.43 crore on Friday.
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The Nifty gained 97.35 points, or 0.51%, to 19,230.60 points on Friday, while the BSE average gained 282.88 points, or 0.4%, to settle at 64,363.78 points.
