Share Market News / The stock market started strongly on the back of buying in HDFC Bank-TCS, Sensex jumped 154 points

The Sensex rose 154.07 points to 80,693.98 and the Nifty rose 45 points to 24,664.35 on Thursday due to strong buying in HDFC Bank, TCS and other blue-chip stocks and positive trends from US markets. Infosys, Sun Pharma were top gainers, while Tata Steel, NTPC declined.

Share Market News: Indian stock markets showed strength in early trade on Thursday, which can be attributed to strong buying in key blue-chip stocks such as HDFC Bank and TCS and positive cues from US markets. According to a PTI report, the BSE Sensex rose 154.07 points to 80,693.98, while the NSE Nifty was trading 45 points higher at 24,664.35.

Top Gainer and Top Loser Stocks

Among the major Sensex companies, Infosys, Sun Pharma, Asian Paints, HDFC Bank, Maruti and TCS performed well and registered the highest gains. At the same time, stocks like Tata Steel, Bharat Electronics, NTPC and Adani Ports saw a decline. This volatility reflects the dynamics of the market and the selective stance of investors.

Scenario of Asian and Global Markets

Asian markets witnessed a mixed trend. China's Shanghai Composite Index was trading with gains, while South Korea's Kospi, Japan's Nikkei 225 and Hong Kong's Hang Seng were in losses. On the other hand, US markets closed the session with a strong performance on Wednesday, which created a positive environment globally.

Geojit Investments Ltd. Chief Investment Strategist VK Vijaykumar said that investors' eyes are now fixed on the Trump-Putin summit. The results of this dialogue can play an important role in deciding the future direction of the market.

Brent crude and institutional investors' stance

Brent crude was trading at $65.85 per barrel with a gain of 0.34% in the global commodity market. Foreign institutional investors (FIIs) sold Rs 3,644.43 crore on Wednesday, while domestic institutional investors (DIIs) bought Rs 5,623.79 crore. This strong participation of DII indicates stability and confidence in the market.

Wednesday's Market Performance

The Indian stock market remained bullish on Wednesday as well. The Sensex closed at 80,539.91 with a gain of 304.32 points (0.38%) and the Nifty closed at 24,619.35 with a jump of 131.95 points (0.54%). This continuous rise reflects the confidence of investors in the market.