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Wednesday, May 8, 2024
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WorldAsiaShare Market: The stock market recovered from the fall.

Share Market: The stock market recovered from the fall.

– Published on:

Mumbai Equity markets recovered from three consecutive days of losses and closed on a higher note today, led by buying in 10 groups including power, utilities and telecom at the local level amid a mixed trend in the global market.

BSE’s thirty-share sensitive index Sensex rose by 64.55 points to 59632.35 points and National Stock Exchange (NSE) Nifty rose marginally by 5.70 points to reach 17624.45 points. However, BSE Midcap slipped 0.03 per cent to 24,935.20 while Smallcap advanced 0.10 per cent to 28,310.02.

During this period, shares of a total of 3631 companies were traded on the BSE, out of which 1911 advanced while 1586 declined while 134 remained unchanged. Similarly, in the NSE, 26 companies were bought while 23 were sold, while one remained stable. Ten groups of BSE showed an uptrend. During this period, CD 0.37, Financial Services 0.13, Industrials 0.63, Telecom 0.81, Utilities 0.85, Auto 0.27, Banking 0.23, Capital Goods 0.58, Consumer durables 0.44 and Power group shares rose 0.74 percent.

There was a mixed trend in the international markets. During this period Britain’s FTSE was down 0.22, Germany’s DAX 0.73 and China’s Shanghai Composite was down 0.09 per cent, while Japan’s Nikkei 0.18 and Hong Kong’s Hangseng were up 0.14 per cent.

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