The Sensex had climbed 214 points to close at 58,351 in the previous session.
Nifty had gained 43 points to reach 17,388.
Foreign institutional investors bought shares worth Rs 765.17 crore in the market.
New Delhi. The Indian stock market is set to make gains for the eighth consecutive session on Thursday. If investors still buy today, then the week can end with a boom.
The Sensex closed at 58,351 with a gain of 214 points in the previous session, while the Nifty gained 43 points to reach 17,388. Market analysts say that even today the positive signals from the global market are expected to make the market grow. If this happens, then in the year 2022, it can become the longest series of boom. The Sensex has gained about 3,500 points in the last 7 sessions.
Big boom in US market
In view of the excellent quarterly performance of companies in the US and expectations of moderation in inflation, there is a positive sentiment among investors and they are investing money. This is the reason that all the major stock markets of America saw big gains in the last session. A big jump of 2.59 percent has been shown on NASDAQ, which is included in America’s big stock market.
European markets also up
On the lines of America, all the major stock markets of Europe have also seen a big rally in the last session. Germany’s stock exchange, which is included in Europe’s major stock markets, showed a jump of 1.03 percent in the last session, while the French stock market closed with a gain of 0.97 percent. The London Stock Exchange has also seen a rise of 0.49 percent in the last session.
Asian market also on green mark
Most of the stock markets of Asia opened with an increase this morning and are trading on the green mark. The Singapore Stock Exchange is up 0.50 percent, while Japan’s Nikkei is trading with a gain of 0.71 percent. Apart from this, Cospi of South Korea is also trading by making a gain of 0.57 percent.
foreign investors put money
The confidence of foreign investors in the Indian stock market has once again started to solidify and they maintained a buying trend throughout this week. In the last session too, foreign institutional investors bought shares worth Rs 765.17 crore in the market. However, during this period, domestic institutional investors sold shares worth Rs 518.42 crore, but the market managed to make gains.
FIRST PUBLISHED : August 04, 2022, 07:04 IST