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Share Market Closing on 2nd June: Support from global markets saved domestic stock markets from falling on Friday, the last day of the week. In today’s business, big companies, especially IT stocks like TCS and Infosys, were in heavy losses. However, after the end of the day’s trading, both the major domestic indices BSE Sensex and NSE Nifty continued to gain momentum.
Sensex has gained so much
After the end of trading, the 30-share BSE Sensex closed at 62,547.11 points with a gain of 118.57 points, or 0.19 per cent. Earlier on Thursday, it had weakened by 193.70 points i.e. 0.31 percent and closed at 62,428.54 points. It started trading today at a speed of 62,601.97 points. It remained in the green mark throughout the day.
Earlier on Wednesday, the Sensex fell nearly 350 points to close at 62,622 points. The domestic market was seeing a boom for four consecutive days. On Tuesday, the Sensex had succeeded in reaching near 62,970 points, which was its highest level in the last five months. After that profit booking started in the market.
Nifty also benefited
Similarly, the National Stock Exchange’s Nifty also closed near 18,535 points with an increase of 46 points, or 0.25 percent. On Thursday, it fell 0.25 percent to close to 18,487 points. The Nifty fell nearly 100 points to close at 18,523 on Wednesday. It crossed the psychological level of 18,500 points on Tuesday itself, but came down again within 2 days.
These big stocks fell
In today’s business, 14 out of 30 Sensex companies suffered losses, while the shares of 16 companies closed strong. Tata Steel gained the most by about two per cent. Maruti Suzuki, Mahindra & Mahindra, Sun Pharma, L&T, Bharti Airtel and Titan also gained more than 1 per cent each. On the other hand, Infosys suffered the most. IT stocks like Wipro, HCLTech, TCS also saw a decline.
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