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Ban on decline in market for 6 days, Sensex rises 237 points

Mumbai, June 20 (Agency)

Due to the rise in European markets, the trend of decline in the domestic stock markets for the last six days came to an end on Monday and the Sensex closed with a gain of 237 points in volatile trade. The 30-share BSE Sensex closed at 51,597.84, up 237.42 points, or 0.46 per cent. During trading, the standard index had come down to a high of 51,714.61 points and a low of 51,062.93 points. Similarly, the Nifty of the National Stock Exchange also closed at 15,350.15, up 56.65 points, or 0.37 per cent. Among the Sensex companies, Hindustan Unilever, HDFC, Wipro, UltraTech Cement, Asian Paints and HDFC Bank were the main gainers. On the other hand, shares of Tata Steel, IndusInd Bank, Reliance Industries, Mahindra & Mahindra, NTPC and State Bank of India closed with a fall. In other Asian markets, Japan’s Nikkei, South Korea’s Kospi and China’s Shanghai Composite ended with losses, while Hong Kong’s Hang Seng index ended with gains. There was a bullish trend in the afternoon trading in European markets. Meanwhile, international oil benchmark Brent crude rose 0.06 per cent to $113.2 per barrel. According to the stock market data, the process of withdrawal of foreign institutional investors from the capital market is going on. He sold shares worth Rs 7,818.61 crore on Friday.

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