Share Market Updates: After two days of decline, the market rises, Sensex jumps more than 500 points

Market sentiment is weak at the moment.

On the first day of the week, Foreign Institutional Investors sold 3303 crores while Domestic Institutional Investors bought 1870 crores. 1433 crores were sold on net basis.

Today after two consecutive days of decline Share Market ,Share Market Updates) open with speed. Sensex opened at 57066 level with a jump of 487 points. At present, the market is showing a jump of more than 500 points. The Sensex was trading at the level of 57101 with a gain of 521 points and the Nifty was trading at the level of 17120 with a jump of 167 points. There is a lot of volatility going on in the stock market. Some day the sentiment of the investors deteriorates and they sell in a big way. The very next day they also do shopping on this fall. However, the mood of foreign investors is still bad and they are selling continuously. On the first day of the week, Foreign Institutional Investors sold 3303 crores while Domestic Institutional Investors bought 1870 crores. 1433 crores were sold on net basis.

There is a bumper boom in the market today. At 9.36 in the morning, a jump of 716 points is being seen in the Sensex and it was trading at the level of 57296. All the shares in the top-30 of the Sensex are trading in the green mark. IndusInd Bank, Sun Pharma, Mahindra & Mahindra and Bajaj Finance were the top gainers.

Advice on investing in quality stocks

Regarding the ongoing volatility in the market, VK Vijay Kumar, Chief Investment Strategist, Geojit Financial Services, said that the reason for the fall in the market is the possibility of a hike in the interest rate by the US Federal Reserve. When the market falls, then the buyers dominate and they buy in a big way, due to which there is a rise again. The impact of Ukraine Crisis and Chinese lockdown is also visible on the market. This ups and downs will continue for some time to come. One can invest in the IT sector in the long term. Banking stocks are also available at reasonable prices. Investors should invest in quality stocks during such times.

Other Asian market conditions

In other Asian markets, Tokyo, Hong Kong, Seoul and Shanghai were trading higher in mid-session deals. Meanwhile, Brent crude, the international oil benchmark, rose 1.26 per cent to $ 103.61 per barrel. According to provisional data of the stock market, foreign institutional investors sold shares worth Rs 3,302.85 crore on a net basis on Monday.

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19 paise jump in rupee

The rupee on Tuesday advanced 19 paise to 76.45 against the US dollar in early trade amid gains in Asian and other emerging markets currencies. In the interbank foreign exchange market, the rupee opened at 76.48 against the US dollar, and then advanced to 76.45, showing an increase of 19 paise over the previous closing price.

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