Mumbai: The stock market rose yesterday, the first day of the week. The index rose 1,041 points to 55,925 at the close of trading. Similarly, the wide-based National Stock Exchange index rose 308 points to 16,661.
The U.S. stock market rose on Friday last week due to announcements by the US Federal Reserve. The Mumbai Stock Exchange has been on the rise since this morning. Almost all institutional stocks were bullish. Shares of IT companies and PSUs rose. Shares of companies including Titan, Mahindra & Mahindra, Adani Port, Infosys, Larsen & Toubro rose as much as 4.96 per cent on the National Stock Exchange.
Shares of companies including Kotak Mahindra Bank, JSW Steel, Sun Pharma, Dr Reddy’s and ITC fell as much as 2.2 per cent.
Of the 3,615 shares traded on the Bombay Stock Exchange, 2,368 shares rose. 1,091 company shares fell. 156 Institutional shares traded without any change in price.