Market rises for the fourth consecutive day, Nifty closed near 22,400
The domestic stock market closed in the green for the fourth consecutive day. During this period, there was a positive trend among investors in the market. However, the market witnessed selling from upper levels during the day’s trading session. After Wednesday’s trading session, the 30-share benchmark index Sensex closed at 73,852, up 114 points or 0.16%. On the other hand, the 50-share NSE Nifty closed at 22,402, up 34 points or 0.15% per cent.
However, according to analysts, this momentum was curbed to a great extent due to heavy selling in shares of telecom, information technology and technology companies. Some selling pressure was seen on the indices in the last round of the trading session, which reduced some of the initial gains.
In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng closed with gains. Most of the markets in Europe were trading higher. The US market closed with gains on Tuesday.
Meanwhile, international oil standard Brent crude fell 0.35 percent to $ 88.11 per barrel. According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 3,044.54 crore on Tuesday. Earlier on Tuesday, Sensex closed at 73,738.45 with a gain of 89.83 points and Nifty closed at 22,368 points with a gain of 31.60 points.
