Stock Market LIVE: Sensex Crosses 49550 Level with gain of 345 Points

Monday is the fourth consecutive day of buying in the stock market. The Sensex is trading at 49,551 with a gain of 345 points.
Image Credit: ANI news
Image Credit: ANI news

Monday is the fourth consecutive day of buying in the stock market. The Sensex is trading at 49,551 with a gain of 345 points. Similarly, the Nifty index has also risen 119 points to 14,942. Investors are buying the most in banking, metal and government sector banking stocks. The three indices are trading 2-3% higher on the NSE.

1,923 shares gain on the exchange

Among the 30 Sensex stocks, there is an increase of 23 stocks, of which Sun Pharma and Dr. Reddy's shares have the most gains of 3-3%. UltraTech Cement is down 1.3% on the stock. The BSE is trading at 3,143 shares. 2,010 shares have an uptrend and 936 a fall. The total market cap of the companies listed on the exchange has risen to Rs 213.22 lakh crore as against Rs 211.24 lakh crore on May 7.

Image Credit: ANI news
Image Credit: ANI news

Edge continues for the fourth consecutive day

The Sensex opened 289 points higher at 49,496 and the Nifty opened 105 points higher at 14,928 in the morning. Earlier on Friday, the markets closed with a gain. The Sensex was up 256.71 points at 49,206.47. At the same time, the Nifty closed at 14,823.15 with a gain of 98.35 points.

On Friday, all US markets closed up. The Dow Jones was up 229.23 points to end at 34,777.80, up 0.66%. The Nasdaq closed up 119.39 points at 13,752.20, up 0.88%. The S&P 500 index was up 30.98 points at 4,232.60. Markets in France and Germany also closed in the gains.

FII and DII data

According to provisional data on the NSE, on May 7, foreign institutional investors (FIIs) bought shares worth Rs 1,142.75 crore and domestic institutional investors (DIIs) bought shares worth Rs 1,468.09 crore. The Sensex closed up 256 points at 49,206 on Thursday. Similarly, the Nifty was up 98 points at 14,823.

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