At the end of trading, the Sensex closed at 55.550.30 points, showing a gain of 85.91 points or 0.15 percent compared to a day earlier. Similarly, the Nifty of the NSE also closed at 16,630.45, up 35.55 points, or 0.21 percent, after going through ups and downs. Sun Pharma, Dr Reddy’s, PowerGrid, ITC and Titan were among the gainers in Sensex. While Nestle, Maruti Suzuki India, Tata Steel, NTPC, UltraTech Cement and Axis Bank suffered losses.
What do experts say
Julius Bayer Executive Director Milind Muchhala said that the Indian stock markets are following the trends of the global markets and due to this, volatility is being seen. “The news coming in on the geo-political fronts is causing volatility in the market,” he said. Muchla said that there is uncertainty in the market for the short term and medium term at this time. With tensions emanating from Russia’s attack on Ukraine, eyes are also on the Fed Reserve’s move in the US.
condition of global markets
In other Asian markets, indices in Hong Kong and Tokyo closed lower, while the Shanghai market registered a slight rise. The stock markets in the US closed with a fall on Thursday. Meanwhile, international oil benchmark Brent crude rose 1.93 per cent to $111.4 per barrel. Foreign institutional investors continue to sell in Indian markets. According to available data, foreign investors sold shares worth Rs 1,981.15 crore on Thursday.
Source: navbharattimes.indiatimes.com
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