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Stock markets rose for the third consecutive day, Sensex rose 1041 points more

Mumbai, May 30 (Agency)

The stock markets rose for the third consecutive day on Monday and both the standard indices … BSE Sensex and NSE Nifty … closed with a jump of nearly two percent. Markets firmed up with gains in Reliance Industries and Infosys amid a firm trend in global markets. The 30-share BSE Sensex rose 1,041.08 points, or 1.90 per cent, to end at 55,925.74. During trading, it had climbed up to 1,197.99 points. The Nifty of the National Stock Exchange also closed at 16,661.40 with a gain of 308.95 points, or 1.89 per cent. Titan, Mahindra & Mahindra, Infosys, Larsen & Toubro, Tech Mahindra, HCL Technologies, TCS, Reliance Industries and UltraTech Cement were the major gainers in Sensex stocks. On the contrary, Kotak Mahindra Bank, Sun Pharma, Dr. Reddy’s and ITC were the losers. South Korea’s Cospi, China’s Shanghai Composite, Japan’s Nikkei and Hong Kong’s Hang Seng were among other markets in Asia due to the easing of trading restrictions imposed to prevent the Covid-19 Pandemic in China. Major markets in Europe had a bullish trend in the afternoon trade. International oil standard Brent crude rose 0.43 percent to $119.9 per barrel. Foreign institutional investors sold shares worth Rs 1,943.10 crore on Friday, according to stock market data.

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