Stock Market Closing: This morning the stock market started with a huge fall but all-round recovery was seen in the market during the day's trading. The morning mood of the Indian stock market changed in the evening. The market which was visible in red all around at the time of opening in the morning has turned into green by the time of closing. A tremendous recovery was seen in the stock market and the trading in the market closed with a boom.
How was the closing of the market
At the time of closing of the market, BSE Sensex closed at the level of 71,833 with a rise of 277.98 points or 0.39 percent. Whereas NSE Nifty closed the trading at 21,840 level with a gain of 96.80 points or 0.45 percent.
NSE Nifty took support
Market In 2017, Nifty managed to close above 21500, showing that NSE remains in the bullish zone with the help of its support zone. Nifty has shown an excellent recovery of about 300 points from lower levels. It had dived up to 200 points in the morning and closed 97 points higher at the time of market closing.
Bank Nifty showed tremendous rise
Bank Today Nifty has shown a jump of about 1000 points from lower levels. While this morning it had broken the important level of 45000 and lost 600 points, till closing it saw a jump of 400 points and it closed near the level of 46000.
Strong rise in Nifty PSU Bank index
Strong rise was seen in Nifty PSU Bank index and it managed to close with a tremendous rise of 3.24 percent. In this index, Indian Bank has closed with a rise of 6 percent and SBI has closed with a rise of more than 4 percent.
PSUs dominate NSE's Nifty
BPCL shares registered a strong rise of 7.30 percent in NSE Nifty and SBI managed to close with a rise of four and a quarter percent. Trade closed with a strong rise of 3.72 percent in ONGC, 3.33 percent in Coal India and 2.61 percent in Tata Steel.
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