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Stock market: The green mark stock market, the Sensex has crossed 49000

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Domestic stock markets also rose sharply on Tuesday on the back of a sharp trend in global markets, with the BSE 30 Sensex gaining 634 points. HDFC and HDFC Bank, ICICI Bank and Reliance Industries, which have big weight in the Sensex, have recorded good gains. At the close of trade, the Sensex jumped 834.02 points, or 1.72 per cent, to 49,398.29 points and the NSE Nifty rose 239.85 points, or 1.68 per cent, to 14,521.15 points.

Among the Sensex stocks, Bajaj Finzer has gained the most at around 7 percent. Shares of Bajaj Finance, HDFC, Larsen & Toubro, ICICI Bank, Sun Pharma and NTPC also rose. In contrast, the trend of Tech Mahindra, ITC and Mahindra & Mahindra has declined.

Stock market The green mark stock market the Sensex has

According to Reliance Securities strategy chief Vinod Modi, after a sharp fall in the last two trading sessions, domestic stock markets have basically received better signals from global markets. He said the positive statement, like the possibility of Janet Yellen giving strong support to the economy, has strengthened the confidence of investors around the world.

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U.S. President-elect Joe Biden has nominated Janet Yellen, the former head of the Federal Reserve, as finance minister. He called on the US Congress to take further steps to combat the economic downturn and avoid further deterioration. Yellen said more help was needed to deliver the coronavirus vaccine.

Among other Asian markets, Hong Kong, Seoul and Tokyo closed with a good lead, and Shanghai declined. European stock markets had a positive start. Meanwhile, global crude oil benchmark Brent crude rose 1.22 percent to 55.42.

The market at Lal Mark was closed yesterday

The BSE benchmark Sensex broke 470 points on Monday amid a weak trend in global markets. The main gainers in the Sensex, Infosys, HDFC and ICICI Bank, declined due to selling pressure. In volatile trading, the 30-share stock market closed at 470.40 points, or 0.96 percent, at 48,564.27 points. The Nifty index also declined by 152.40 points, or 1.06 per cent, to close at 14,281.30. Foreign portfolio investors bought shares worth Rs 650.60 crore on a total basis on Monday, according to provisional data from the stock market. Meanwhile, global oil benchmark Brent crude traded up 0.44 percent at. 54.99 a barrel.

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