June 10, 2023
  • Strong gain of 548 points in Sensex on Friday
  • Sensex was up 420 points on Thursday, strong

On the last trading day of the week, the Indian stock market was upbeat. On Friday, the Sensex was in the lead from the beginning and finally ended at a high of 548.46 points, or 1.50 per cent, at 37,020.14 points. Similarly, the National Stock Exchange’s Nifty jumped 161.75 i.e. 1.51 percent to close at 10,901.70. At the same time, the rupee strengthened by 16 paise to close at 75.02 against the US dollar in the foreign exchange market.

Which stock rose

ONGC was the biggest gainer among the Sensex stocks. It gained 5.52 percent. It was followed by Titan, Reliance Industries, HDFC Bank and Bajaj Finance. On the other hand, TCS, Nestle India, Infosys, HCL Tech and Axis Bank declined.

Infosys profits on Friday

Infosys shares were seen trading on the red mark due to profit recovery on Friday. At the end of the business, Infosys stock was at Rs 904. Earlier, on Thursday, Infosys shares saw a record rise. Let us tell you that in the current financial year of Infosys, there have been better quarterly results than expected. In the first quarter, Infosys net profit grew by 12.4 percent.

This is the reason why the company’s stock rose 9.56 percent to Rs 910.90 on BSE on Thursday. At one time during the day’s trading, it had gained 14.49 percent to Rs 952. The company’s stock closed at Rs 910, up 9.51 percent on the NSE. The company’s market cap rose by Rs 33,853.4 crore to Rs 3,87,966.40 crore on the BSE due to the strong growth in the stock.

Sensex and Nifty’s condition on Thursday

Thursday was a volatile day for the stock market. The Sensex closed at 36,471.68 points, up 419.87 points or 1.16 percent at the end of trading. Similarly, the Nifty gained 121.75 points or 1.15 percent to 10,739.95 points.

Stock market stability when?

Stock market experts believe that the phase of ups and downs will continue. For some specific reason, there is a boom from time to time, but then investors also sell shares to make a profit. Meaning there is still a lack of trust among investors.

According to experts, there is still no solid hope regarding Corona. Apart from this, the tension between America and China is once again deepening. In the current round, investors are eyeing special stocks.