Sensex Nifty Today: Market closed on edge for the fifth consecutive day, the Sensex rose by 552 points.


The stock market closed on the last trading day of the week on Friday, after day-long fluctuations amid positive global cues and the rise in big stocks like Reliance Industries, HDFC, and TCS, leading to the presidential election results in the US. The Bombay Stock Exchange's flagship index Sensex gained 1.34 percent to close at 5518.90 points at 41893.06. At the same time, the National Stock Exchange's Nifty gained 1.18 percent (143.25 points) to close at 12263.55.

The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. According to analysts, further market volatility will continue. Hence investors should be cautious.

Rupee rises 28 paise against dollar

The rupee on Friday closed 28 paise higher at 74.08 (provisional) against the US dollar due to a spurt in foreign portfolio investment. Traders said the local currency gained support due to the rise in the stock market, the weakness of the dollar, and the hopes of Joe Biden winning the presidential election in the US. The rupee opened at 73.99 against the US dollar in the interbank foreign exchange market and finally closed at 74.08 against the dollar after touching an upper level of 73.87 and a low of 74.28 during day trading. Thus, the rupee has gained 28 paise against the previous closing price.

The rupee had strengthened 40 paise to close at 74.36 against the US dollar on Thursday. Meanwhile, the dollar index, showing the position of the US dollar against six major currencies, fell 0.02 percent to 92.50. According to stock market data, foreign institutional investors bought shares worth Rs 5,368.31 crore on Thursday. Brent crude futures, the global oil benchmark, fell one percent to the US $ 40.52 a barrel.

Such was the situation of veteran shares

Talking about the big stocks, today the shares of Reliance, Bajaj Finserv, IndusInd Bank, HDFC Bank, and Kotak Bank closed on the green mark. Bharti Airtel, Maruti, GAIL, Asian Paints, and Grasim's shares closed at the red mark.

Monitoring of sectoral index

If we look at the sectoral index, today, apart from FMCG and pharma, all sectors closed on the green mark. These include PSU Bank, Bank, Private Bank, Finance Services, Realty, IT, Media, Metal, and Auto.

The market was open on the edge

Today the Sensex opened up 60.94 points (0.15 percent) at 41401.10 level and the Nifty started with a gain of 36.35 points (0.30 percent) at 12156.65.

The market had closed on the green mark on the previous trading day

On the previous trading day, Sensex crossed the level of 41,000 points with a jump of 724 points due to the strong trend of the global markets. This was the fourth consecutive trading session when markets closed with gains. Similarly, the Nifty closed at 12,120.30 with a gain of 211.80 points or 1.78 percent.