Amidst seven days of rise in the stock market and positive trend in the international stock market, gift Nifty is looking weak in early trade on thursday due to pressure. Sensex is trading down 190.07 points i.e. 0.27 percent at the level of 79,927.99. While Nifty is trading at the level of 24,279.75 with a decline of 49.20 points i.e. 0.20 percent. A day before this, on wednesday, the Sensex opened at 80000 in early trade.
On the other hand, if we talk about the Asian market, then the US market has seen a jump due to positive signals. Japan's Nikkei 225 saw a gain of 0.96% and reached 35,204. However, South Korea's Kospi fell by 0.55% and came down to 2,511.83. While Hong Kong's Hang Seng index traded at 22,072.
China's index shanghai Composite was trading at 3,296. The US stock market is in positive hope due to signs of easing of trade tensions between the US and China. Apart from this, President trump has said that he has no intention of removing Federal Chief Jerome Powell. After this positive trend, the Dow Jones Industrial Average rose 419.59 points or 1.07 percent to reach 39,606.57. The S&P 500 saw a gain of about 1.67 percent and came to 5,375.86. While the Nasdaq Composite closed 2.50 percent higher at 16,708.05.
Sensex crossed 8000 on Wednesday
A day before this, the stock markets continued to rise for the seventh consecutive day on wednesday and the major stock index BSE Sensex jumped 520 points and closed above 80,000 for the first time in four months. IT and auto stocks took charge of the boom in the market. During this period, the 30-share Sensex closed at 80,116.49, up 520.90 points or 0.65 percent. This was its highest level since december 18.
During trading, the Sensex rose 658.96 points or 0.82 percent to reach 80,254.55. NSE Nifty rose 161.70 points or 0.67 percent to reach 24,328.95. Analysts said that buying by foreign institutional investors and positive global trends also strengthened the market sentiment. Among the Sensex companies, HCL Tech registered the highest gain of 7.72 percent. Apart from this, Tech mahindra, Tata Motors, Infosys, mahindra & mahindra, Tata Consultancy Services, Tata Steel, Bharti airtel and maruti also made significant gains. After the recent sharp rise, selling was seen in bank shares and hdfc bank closed with a decline of 1.98 percent.
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