Stock market closes strong; Sensex and Nifty up
New Delhi, July 4 (HS): Domestic stock market closed strong after last-hour buying activity amidst volatility.Initially, trading began with a slight gain; however, selling pressure soon pushed the Sensex and Nifty into the red. Weakness continued unt
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New Delhi, July 4 (HS): Domestic stock market closed strong after last-hour buying activity amidst volatility.Initially, trading began with a slight gain; however, selling pressure soon pushed the Sensex and Nifty into the red. Weakness continued until shortly after 2 PM when buying commenced, leading to a market recovery. At the close, the Sensex rose by 0.23% and the Nifty by 0.22%. Continued buying was observed in the IT, oil and gas, and realty sectors, while the automobile and metal sectors experienced persistent selling pressure. The broader market reflected a buying trend, as indicated by the BSE mid-cap index rising by 0.23% and the small-cap index gaining 0.17%. The market's strength led to an estimated increase in investors' wealth of about one lakh crore rupees, with BSE market capitalization reaching 461.18 lakh crore rupees, up from 460.26 lakh crore rupees the previous trading day, resulting in a profit of approximately 92 thousand crore rupees.

During trading, 4,189 shares were actively traded on the BSE, with 2,261 shares closing higher, 1,788 lower, and 140 unchanged. On the NSE, 2,637 shares were traded, with 1,426 closing in profit and 1,211 in loss. Among the 30 shares in the Sensex, 20 saw gains while 10 fell, and among the Nifty’s 50 shares, 29 closed higher and 21 lower.

The BSE's Sensex opened at 83,306.81 points, initially gaining 67.34 points before dropping to 83,015.83 points due to selling pressure. However, buying after 2:30 PM propelled it to a closing level of 83,432.89 points, an increase of 193.42 points. The NSE's Nifty started at 25,428.85 points, initially gaining but then dropping to 25,331.65 points before recovering to close at 25,461 points, up by 55.70 points. Among the top blue-chip performers, Bajaj Finance increased by 1.66%, while Trent Limited faced the largest decline of 11.87%.

Hindusthan Samachar / Jun Sarkar


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