The Indian stock market made a comeback today after registering its biggest fall in three months on Monday with the Sensex gaining 234 points while the Nifty closed above 23,700. The market remained bullish today led by financial giants and Reliance Industries.
After initially opening 55 points higher, Sensex made an intra-day high of 78,452 and low of 77,925 today. In this way, after a total fluctuation of 527 points, the Sensex increased by 234 points or 0.30 percent and closed at 78,199. Nifty also made a high of 23,795 and low of 23,637 after opening 63 points higher and closed at 23,707, up 91 points or 0.39 per cent after a total of 158 points. The BSE mid-cap index closed 352 points or 0.77 per cent higher at 46,145, while the small-cap index closed 945 points or 1.74 per cent higher at 55,282. BSE SME IPO index also closed at 1,18,438 today, up 341 points or 0.29 per cent. Of the total 4,086 stocks traded on BSE today, 2,624 advanced, 1,355 declined and 107 closed flat. BSE’s m cap today is Rs. 441.75 lakh crore i.e. 5.15 trillion dollars was recorded which is Rs. Rs 438.79 lakh crore. An increase of Rs 2.96 lakh crore is visible. 20 out of 30 Sensex stocks and 32 out of 50 Nifty stocks closed with gains today. The volatility index was down 6.32 percent today at 14.66. Among the 14 sectoral indices on the Nifty, only Nifty IT closed down 0.68 per cent, while Nifty Media rose 1.36 per cent, Metal 1.24 per cent and Oil & Gas 1.64 per cent.
FII’s Rs. Net sales of Rs 1,491 crore
FIIA traded in the Indian stock market today at Rs. Net sales of Rs 1,491 crore, while DII reported Rs. Net purchase of Rs 1,615 crore. With this, the net sales figure made by FIIA in January was Rs. 8,569 crore and DII net borrowing figure stood at Rs. 9,897 crores.
Rupee records biggest gain in one month
Today, the dollar weakened to a one-week low, following which Asian currencies strengthened and the rupee also witnessed a rise, with the Indian rupee closing at 85.7125, 0.1 per cent higher against the US dollar from its previous close. The dollar index fell 0.3 percent today to 107.9, while other Asian currencies rose between 0.2 percent and 0.9 percent. Dollars were sold by foreign banks which also strengthened the rupee.
