Share Market Closing Bell: The Indian stock market closed in green mark on Wednesday (May 21), after a decline of three consecutive days in the Asian markets. The market gained momentum due to the rise in shares of HDFC Bank, ICICI Bank and Bharti Airtel. However, the selling of foreign investors (FIIs) slowed down the market.
The 30 -share Sensex of BSE opened about 140 points to open at 81,327.61. It reached 82,021.64 points during trading. Finally it rose 410.19 points or 0.51% to close at 81,596.63. Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened strong at 24,744.25 points. It reached the highest level of 24,946.20 points during trading. Finally it closed at 24,813.45 with a gain of 129.55 points or 0.52%.
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Nifty Realty Index increased by 1.72%
In the broad market, the Nifty Midcap 100 and the Nifty Smallcap 100 index rose 0.78 percent and 0.38 percent respectively. On the regional front, an increase in all 13 major areas was recorded. The Nifty realty gained the highest at 1.72%. Additionally, the Nifty Pharma Index closed up 1.25%.
Earlier on Tuesday, the market closed down with a major decline. The 30 -share Sensex fell 872.98 points or 1.06% to close at 81,186.44. The National Stock Exchange (NSE) closed down 261.55 points or 1.05% to close at 24,683.90.
Top gainers and top losers
The shares of Sun Pharma, Nestle India, UltraTech Cement, HUL, HDFC Bank, Tata Motors and Maruti Suzuki were the fastest among the Sensex companies. It recorded an increase of 0.5 percent to 1.5 percent. Talking about the decline, shares of Eternal, IndusInd Bank, Adani Ports, Kotak Bank, Bajaj Finance and Reliance Industries declined.
Asian markets boom
Asian markets rose on Wednesday. Thus, six days of rise on Wall Street came to a standstill. Japan’s Nikkei index was stable at the time of writing. The broad topics index increased by 0.27 percent. Kospi increased by 1.14 percent and ASX 200 by 0.6 percent.
S&P 500 declined by 0.39 percent on Wall Street. Nasdaq composite declined by 0.38 percent and Dow 0.27 percent. The decline was due to a decline in technical stocks, which were at the forefront of the recent fast market. The technology sector declined by 0.5 percent. Nvidia declined by 0.9 percent, and AMD, meta, Apple and Microsoft also declined.
Meanwhile, the foreign institutional investors sold shares worth Rs 10,016.10 crore. At the same time, domestic institutional investors (DIIs) bought shares worth Rs 6,738.39 crore on 21 May.
