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Share Market: Sensex-Nifty trading saw a jump, media index gained 7%

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There was a boom after flat trading in the stock market.

Mumbai:

Flat trading is being seen in the domestic stock market on Wednesday, September 22, 2021. Sensex-Nifty were trading with slight gains in early trade amid weak global cues. In the opening, the Sensex rose 73.26 points to reach 59,078.53. At the same time, Nifty climbed 23.60 points to open at 17,585.60. Due to the sluggishness in Asian markets, there was a fall in the shares of banking and financial services. IT, media and metal stocks rose in the opening session.

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At 10.19 in the morning, the Sensex was trading at 59,112.82 with a gain of 107.55 points or 0.18%. At the same time, the Nifty had gained 28.50 points or 0.16% during this period and the index was at the level of 17,590.50.

On the National Stock Exchange, 11 sectors were moving with gains. The media index recorded a rise of 7 percent today. Realty, PSU Bank, IT, Consumer Durables and Auto indices also rose 0.5 to 1.5 per cent. However, Nifty Bank, Financial Services, FMCG and Private Bank indices declined.

If we talk about the Asian market, then in this morning the share of Asia-Pacific on MSCI saw a decline of 0.3 percent. The Nikkei fell 0.6 percent. On the other hand, the Australian index gained 0.7. In Asian markets, there was a slight negative trend due to the possibility of bankruptcy of China’s real estate company China Evergrande. But the company said that it will repay some of the dues on the bond interest on Thursday, after which the market recovered a bit.

If we look at yesterday’s business, the Sensex rose by 514 points on Tuesday amid a positive trend at the global level. Markets surged led by shares of Infosys, Bajaj Finance and ITC. The Sensex closed at 59,005.27, up 514.34 points, or 0.88 percent. Similarly, the Nifty of the National Stock Exchange gained 165.10 points, or 0.95 percent, to close at 17,562 points.

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