Sensex returned to the market due to buying in auto and energy sector, closed at 74,611, up 128 points

Mumbai Domestic stock markets regained momentum on Thursday and BSE Sensex gained 128 points. Investor sentiment was strengthened by record levels of GST collections in April, positive manufacturing data and capital inflows from foreign institutional investors. BSE Sensex based on 30 shares closed at 74,611.11 points with a gain of 128.33 points or 0.17 percent. At one time during trading it had climbed up to 329.65 points. National Stock Exchange’s Nifty also closed at 22,648.20 points with a gain of 43.35 points or 0.19 percent.

Among Sensex stocks, PowerGrid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, Mahindra & Mahindra, HDFC Bank, Tata Consultancy Services and JSW Steel were major gainers. On the other hand, losers include Kotak Mahindra Bank, Bharti Airtel, Axis Bank, Wipro, ICICI Bank and IndusInd Bank. Gross Goods and Services Tax (GST) collections rose 12.4 per cent year-on-year to a record high of Rs 2.10 lakh crore in April, according to official data released on Wednesday.

This collection has increased due to strong growth in domestic transactions and imports. This is the first time that GST collection in a month has exceeded Rs 2 lakh crore. While the activities of the country’s manufacturing sector remained slow in April, the second fastest improvement in operating conditions was recorded in three and a half years, supported by rising demand. The seasonally adjusted ‘HSBC India Manufacturing Purchasing Managers’ Index’ (PMI) declined to 58.8 in April from 59.1 in March. This marks the second best improvement in the region’s health in three and a half years.

Under PMI, an index above 50 means expansion in production activities, while a figure below 50 indicates a decline. In other markets of Asia, Hong Kong’s Hang Seng was in profit while South Korea’s Kospi, Japan’s Nikkei and China’s Shanghai Composite were in loss. There was a mixed trend in the major markets of Europe on Wednesday.

There was a mixed trend in the American market Wall Street on Wednesday. Global oil benchmark Brent crude rose 1.02 percent at $84.29 a barrel. According to stock market data, foreign institutional investors bought shares worth Rs 1,071.93 crore on Tuesday. Domestic stock markets were closed on Wednesday on the occasion of ‘Maharashtra Day’. BSE Sensex was down 188.50 points on Wednesday, while NSE Nifty was down 38.55 points.

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

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