Share Market Closing on 22 May: On the basis of good performance of IT companies, the domestic stock market started the week well. After being in losses last week, both the major domestic indices BSE Sensex and NSE Nifty registered gains on Monday.
Sensex climbed so much
BSE’s 30-share Sensex gained 234 points, or 0.38 percent, to close at 61,963.68 points. It started trading today with a fall at 61,579.78 points. The same remained at today’s lowest level for the Sensex. At one time during the trading, the Sensex was also successful in crossing the 62 thousand mark. Earlier during the last week, the Sensex had fallen by 298.22 points, or 0.48 per cent, and closed at 61,729.68 points.
Nifty gains so much
Similarly, the National Stock Exchange’s Nifty also closed at 18,303.95 points with a gain of 100.55 points, or 0.55 percent. Last week, the Nifty fell by 111.4 points, or 0.60 per cent, and closed at 18,203.40. At one point in today’s trade, it managed to cross the 18,335 mark.
support of IT companies
IT companies have made the biggest contribution in the growth of the domestic market today. Today’s top-5 performer companies of BSE Sensex index were from this sector. Tech Mahindra gained the most by 3.13 per cent, while Wipro gained 2.59 per cent, Infosys 2.16 per cent, TCS 2.12 per cent and HCL Tech 1.73 per cent. Of the 30 Sensex companies, 11 suffered losses, while the shares of 19 companies closed strong.
Rupee put pressure
However, some other factors curbed the market momentum. The Indian currency rupee declined for the fourth consecutive day today. The rupee has declined after the dollar weakened. This had a negative impact on the domestic market. The rupee fell 16 paise to close at 82.82 against the dollar today.
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