Mumbai, June 2. The Indian stock market opened with a big fall on Tuesday due to cautious attitude of investors ahead of the important trade talks between India and America. But the impact of strong buying in IT, metal and consumer durables shares was that not only did the decline that had been going on for the last four consecutive trading sessions stop, but both the benchmark indices closed with good gains. In this sequence, while BSE Sensex rose by 382 points, NSE Nifty gained 101 points and reached near 23,500.

Focus on India-US trade talks

It is noteworthy that a delegation led by US Assistant Trade Representative Brendan Lynch is holding a three-day meeting with Indian officials in New Delhi. The aim of these talks is to finalize the first tranche of the bilateral trade agreement. In this context, after the end of the quarterly results season, now the attention of investors has focused on the progress of monsoon, inflation and the upcoming RBI policy.

Sensex 0.52 with percentage increase 74,649.84 off on

Bombay Stock Exchange (BSE) benchmark Sensex of 30 shares closed at 74,649.84 with a gain of 382.50 points or 0.52 per cent. Compared to the previous trading session, the index opened with a decline of about 322 points and in no time it fell by 452 points and reached the day’s low of 73,815.15 points. But the fall stopped as the day progressed and the index surged nearly 1050 points to hit the day’s high at 74,862.19. Of the companies associated with Sensex, shares of 20 closed with gains while those of 10 closed with a decline.

nifty 100.95 by increasing points 23,483.55 closed at the level of

On the other hand, the National Stock Exchange (NSE)’s 50-share sensitive index Nifty closed at 23,483.55 with a gain of 100.95 points or 0.43 percent. The index opened at the day’s low of 23,229.15, down nearly 153 points from Monday. However, there was continuous improvement in the afternoon and then it made a high of 23,556.95. Among the companies associated with Nifty, 31 stocks remained in the green while 19 registered a decline.

If we look at the broader market, Nifty Midcap Index closed with a gain of 0.18 percent and Nifty Smallcap Index closed with a gain of 0.40 percent. Among sectoral indices, Nifty IT index led the market with a rise of 4.23 per cent. Along with this, Consumer Durable, Auto and FMCG indices also performed well while Pharma and Healthcare sectors remained under pressure.

investors 3.28 profit of lakh crore rupees

Amid good growth in the stock market, the total market cap of all stocks listed on BSE increased today to ₹ 4,63,00,706.87 crore, which was ₹ 4,59,72,323.038 crore in the previous trading session. Thus, investors’ capital increased by ₹3,28,383.832 crore in a day.

TCS stocks rose the most by 6.53 percent

Among the companies included in the Sensex group, the stock of Tata Consultancy Services (TCS) rose the most by 6.53 percent. Apart from this, good growth was also seen in Infosys, HCL Technologies, Tech Mahindra and Adani Ports. On the other hand, NTPC recorded the maximum decline of 2.89 percent due to profit booking. Apart from this, Axis Bank, Power Grid, Bajaj Finance and Bajaj Finserv were also among the major losers.