April 25 (Punjab Khabarnama) : Domestic stock markets remained bullish for the fifth consecutive session on Thursday due to strong buying in bank, financial and metal stocks. BSE Sensex rose by about 487 points and once again crossed the 74,000 mark while NSE Nifty closed above 22,550. There was heavy selling in BSE in the initial trade but later it managed to recover and take the lead. BSE’s 30-share index Sensex closed at 74,339.44 points, rising 486.50 points or 0.66 percent. At one point during trading, it jumped by 718.31 points to reach 74,571.25.
National Stock Exchange (NSE) index Nifty also increased by 167.95 points or 0.75 percent to reach 22,570.35 points. This is the fifth consecutive trading session in which the markets closed with gains. In this bullish period, the indices have registered a gain of about 2.5 percent. Shares of Axis Bank, included in the Sensex group, made a big jump of up to six percent. The bank got support from investors due to its positive quarterly results. Apart from this, State Bank of India, NTPC, Nestle, Sun Pharma, JSW Steel, ITC, Mahindra & Mahindra and HCL also closed with gains.
On the other hand, after going through the strict action of the Reserve Bank, there was a huge fall in the shares of Kotak Mahindra Bank. Apart from this, shares of Hindustan Unilever, Titan, Bajaj Finance, Maruti and Asian Paints also declined.
In other markets of Asia, South Korea’s Kospi and Japan’s Nikkei closed at lower levels, while China’s Shanghai Composite and Hong Kong’s Hang Seng closed with gains. European markets were trading with mixed sentiment. A mixed trend was seen in the American markets on Wednesday. Global oil benchmark Brent crude rose 0.06 percent to US$88.07 per barrel. According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 2,511.74 crore on Wednesday. On Wednesday, Sensex closed 114.49 points higher at 73,852.94 points and Nifty closed 34.40 points higher at 22,402.40 points.
