Indian stock market closed with slight gains, Sensex rose 17 points to close at 73,895.

Mumbai Local stock markets traded in a limited range on Monday and BSE Sensex remained almost stable. The market remained in a range as investors sold shares of companies with a strong stake in the index amid concerns over high valuations. BSE Sensex based on 30 shares closed at 73,895.54 points with a marginal gain of 17.39 points or 0.02 percent. During trading, it reached a high of 74,359.69 points while it reached a low of 73,786.29 points. At the same time, Nifty of National Stock Exchange closed at 22,442.70 points with a decline of 33.15 points or 0.15 percent.

Among Sensex companies, Kotak Mahindra Bank rose five percent. The bank’s shares rose after it reported 25 percent rise in profit to Rs 5,302 crore in the March quarter. Apart from this, Tata Consultancy Services, Hindustan Unilever, Mahindra & Mahindra, Sun Pharma, Tech Mahindra and IndusInd Bank were also major gainers. On the other hand, Titan fell by seven percent. The company’s March quarter financial results failed to excite investors. Apart from this, shares of State Bank of India, NTPC, Power Grid, Bajaj Finance and Larsen & Toubro also remained in loss.

Vinod Nair, head of research, Geojit Financial Services, said that domestic indices remained in a limited range. He said, “Indices representing more stocks (largecap, smallcap and midcap indices) also witnessed selling pressure due to overvaluation and profit-booking.” Global oil benchmark Brent crude was up 0.80 per cent at $ 83.62 per barrel. Stayed. According to stock market data, foreign institutional investors sold shares worth Rs 2,391.98 crore on Friday.

In other markets of Asia, China’s Shanghai Composite and Hong Kong’s Hang Seng remained in the positive zone. Markets in Japan and South Korea remained closed due to holidays. There was a bullish trend in early trading in the major markets of Europe. American market Wall Street was in the lead on Friday. BSE Sensex had lost 732.96 points on Friday and NSE Nifty had lost 172.35 points.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.

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