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Today's stock market opened with gains, Sensex-Nifty both sprung

The India Print 2020-08-19 17:10:11

Mumbai. On Wednesday, the domestic stock markets continued its upswing with positive signals from global markets and continued foreign exchange flows. The Bombay Stock Exchange (BSE) Sensex climbed over 200 points at the start of trading, while the Nifty was up more than 60 points. The BSE Sensex rose 217.77 points, or 0.57 percent, to 38,746.09 points in the initial period of trading, the NSE Nifty rose 63.60 points or 0.56 percent to 11,448.95 points. Among the BSE Sensex stocks, State Bank rose nearly two per cent to become the highest gainer. Along with this, L&T, Mahindra & Mahindra, ICICI Bank, Sun Pharma, Axis Bank, ITC and Bajaj Auto also grew.

In contrast, shares of HCL Tech, Nestle India, Tata Steel, Kotak Bank and Infosys declined. The BSE Sensex rose 477.54 points, or 1.26 percent, to 38,528.32 points on Tuesday and the National Stock Exchange (NSE) Nifty closed 138.25 points or 1.23 percent higher at 11,385.35 points on Tuesday. According to provisional data obtained from the stock markets, foreign institutional investors on Tuesday made net purchases of Rs 1,134.57 crore in the market. According to stock traders, the positive trend in foreign markets in domestic markets was affected. Yesterday's business in the US markets was good. Markets in Tokyo and Seoul also opened with a positive trend on Wednesday. However, the Shanghai market saw a decline. In the global market, Brent crude futures of crude oil fell by 0.66 percent to USD 45.16 per barrel.