Mumbai:

There is a booming atmosphere in the stock markets of the country on Thursday.

At 9.20 in the morning, the Sensex was trading up 222 points at 61,290, while the Nifty is also trading in the green.

Nifty is seeing a gain of 48 points and it is trading at 18247.

Let us tell you that the local stock market had lost the initial gain and the major indices Sensex and Nifty closed with a decline of about one percent at the end of the business.

The market was under pressure due to widespread weakness in Asian markets and selling in big stocks like Reliance Industries, ICICI Bank and HDFC.

During this period, the 30-share BSE Sensex fell 635.05 points or 1.03 percent to close at 61,067.24.

In the day's trade, the Sensex fell 763.91 points or 1.23 percent to 60,938.38 points.

Similarly, the National Stock Exchange's Nifty closed at 18,199.10 points, down 186.20 points or 1.01 percent.

IndusInd Bank, Bajaj Finserv, Maruti, UltraTech Cement, Tata Motors, Axis Bank, State Bank of India and Kotak Mahindra Bank were among the losers in Sensex stocks.

On the other hand, Sun Pharma, HCL Technologies, Tata Consultancy Services, Tech Mahindra, Nestle, Wipro and Infosys were among the gainers.

South Korea's Cospi, Japan's Nikkei and China's Shanghai Composite were in loss in other Asian markets.

Hang Seng of Hong Kong was in profit.

S Ranganathan, head of research at LKP Securities, said major indices came under pressure from the Covid transition verdict in China and elsewhere.

International oil benchmark Brent crude was up 1.08 per cent at $80.85 per barrel.

According to the provisional data of the stock market, foreign institutional investors (FIIs) had bought shares worth Rs 455.94 crore on a net basis on Tuesday.

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