Rudra Investment Free Nifty Tips expert says The Sensex index of the Bombay Stock Exchange has slipped to a new high of 37,876.87 points in early trading on Thursday as investors took cautious stance amid fears of a global trade war.
The 30-share index of the Bombay Stock Exchange rose by 184.98 points, or 0.49 percent, to the all-time high of 37,876.87 points. However, with investors taking a cautious approach, the Sensex lost momentum soon, and gained 40.13 points, or 0.11 percent, to 37,732.02 points.
The Sensex rose 526.73 points in the last two trading sessions. At the same time, the Nifty of the National Stock Exchange also climbed 41.85 points, or 0.36 percent, to the new height of 11,428.95 in the opening round.
According to the primary data, foreign portfolio investors (FPI) yesterday bought a net of shares worth Rs 248.70 crore. Domestic institutional investors too were net buyers of Rs 218.64 crore Among other Asian markets, Japan's Nikkei index 0.06 percent in the initial trade, Hong Kong's Hang Seng increased 0.25 percent. The Shanghai Composite Index also rose 0.24 percent.
Earlier on Monday, FMCG company ITC's strong quarterly results followed the domestic stock market reaching the highest level on Monday. The Bombay Stock Exchange's Sensex index rose more than 300 points in the initial trading, while the Nifty crossed the 11,200 mark for the first time.
Some companies' quarterly results have been better than expected, positive Asian trend and strong foreign capital investment supported investor sentiment.
The 30-share index of the Bombay Stock Exchange (BSE), rose by 308.77 points, or 0.83 percent, to its all-time high level of 37,293.41 points. In the last five trading sessions, the Sensex has gained 633.41 points.
The Nifty of National Stock Exchange also gained 77 points, or 0.69 percent, to the highest level of 11,244.30 in the opening stages. The biggest share of ITC stocks in the Sensex ITC registered a net profit of Rs 2,818.68 crore in the first quarter with a 10 percent increase.
After this, its stock rose 6.48 percent to Rs 305.75. Brokers said that after the commencement of the August Futures and Options (F & O) category, investors are making new deals.
In other Asian markets, Japan's Nikkei index rose by 0.28 percent and Hong Kong's Hang Seng Index gained 0.03 percent in early trade. However, the Shanghai Composite Index of China dropped 0.06 percent.
No comments:
Post a Comment