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Mumbai14 May. The Indian stock market remained bullish for the second consecutive day amidst ups and downs and both the benchmark indices closed with good gains on Thursday due to buying in telecom, pharmaceutical and private banking stocks. BSE Sensex rose by about 790 points and crossed 75,000 while NSE Nifty remained 277 points stronger.

Sensex 789.74 with an increase in points 75,398.72 off on

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 75,398.72 points with a gain of 789.74 points or 1.06 percent. Sensex started the session strong, but soon moved into negative territory. However, it rose by more than 1,000 points at one point to 75,681.88 as buying returned in telecom and banking stocks. Among Sensex companies, shares of 23 were in profit while seven showed loss.

nifty 1.18 percentage increase 23,689.60 closed on points

At the same time, Nifty, a sensitive index based on 50 shares of National Stock Exchange (NSE), also rose by 277 points or 1.18 percent and closed at 23,689.60 points. Among Nifty companies, 39 stocks remained in the red while 11 remained in the red.

Bharti Airtel’s stock rose the most by 5.32 percent

Among the companies included in the Sensex group, Bharti Airtel’s stock rose the most by 5.32 percent. Apart from this, shares like HDFC Bank, Sun Pharma, Adani Ports, Bajaj Finance, Mahindra & Mahindra, NTPC, Kotak Mahindra Bank, Titan, ITC and SBI also registered gains. In contrast, shares of Infosys, Tech Mahindra, HCL Technologies, TCS, Hindustan Unilever, Axis Bank and Maruti Suzuki declined.

Rupee 95.73 Slipped to lowest level per dollar (temporary)

Meanwhile, the rupee slipped to its lowest level of 95.73 per dollar (provisional) due to high crude oil prices and withdrawal of foreign capital. At the same time, global oil standard Brent crude rose by about one percent to reach $ 106.48 per barrel.

FII has 4,703.15 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) on Wednesday made a net sale of shares worth Rs 4,703.15 crore while domestic institutional investors (DIIs) bought shares worth Rs 5,869.05 crore.