Share market closing bell: The domestic stock market returned to the green mark after the tension between India and Pakistan opened on Wednesday (May 7). In fact, the Indian Army carried out major action on the hideouts of terrorist organizations in Pakistan and its occupied PoK in the early hours of Wednesday. After this, tension between the two countries has increased. According to a statement by the Ministry of Defense, the Indian armed forces launched a major campaign against nine terrorist groups in Pakistan and Pakistan occupied Kashmir at midnight.
In view of the tension between India and Pakistan, investors are taking alert stance. Today, the 30 -share BSE Sensex opened 692.27 points, or 0.86 per cent, at 79,948.80. However, the index showed improvement soon after opening. The Sensex was stable at 80,637.61 at 1 pm with a slight decline of 3.46 points.
The Nifty 50 index of the National Stock Exchange (NSE) open almost flat with a negative attitude. The index was later improved. At 1 pm, it reached 24,382.20 with a slight gain of 2.60 points or 0.01%. Sensex and Nifty, the major index of the stock market, saw a major decline in early trade today. However, the Sensex and Nifty accelerated within a few minutes of the market opening. The BSE Sensex rose 105.71 points to 80,746.78 and NSE Nifty increased by 34.80 points to close at 24,414.40 in the highly upsurgered business session.
Top beneficiary
The Sensex companies were the highest profit in Tata Motors, Bajaj Finance, Eternal (formerly Jomato), Adani Ports and Tata Steel. It closed with a gain of 5.05 percent.
Tata Motors shares increase by more than 5%
The shares of Tata Group company Tata Motors increased by more than 5 percent on Wednesday. Tata Motors said on Tuesday that its shareholders have approved the plan to divide the company into two parts. Under this scheme, Tata Motors will now be divided into two separate listed companies-one company will handle passenger vehicle business and the other commercial vehicle business.
A big decision was taken regarding the stock market.
Meanwhile, there are reports that two major Indian exchanges, National Stock Exchange (NSE) and BSE Limited have temporarily banned access to their websites for foreign users. Sources said that this would not affect the ability of foreign investors to do business in the Indian market. The decision was taken after a joint meeting of exchanges on Tuesday to prevent cyber attacks. The BSE spokesperson mentioned cyber threats in a statement to the media, but did not explain whether the exchange has recently faced any cyber threat.
FTA agreement between India and Britain
India and Britain finalized the much -awaited Free Trade Agreement (FTA) today after a deep talk of nearly three and a half years. This will boost geophysical uncertainty and strategic and economic alliance between the two countries during the time of trade war. Along with this, the two countries also confirmed the double contribution agreement or social security agreement, which is considered a major victory for India.
