Mumbai: After the decline of the last two trading days, the Indian stock market has started in green mark on Friday. In the early trade, the Sensex crossed the 35 thousand mark once again with a strength of 300 points. The Nifty registered a gain of 90 points and it was seen to be trading at the level of 10,400 points.
However, market experts say that this increase is temporary and once again the selling in the stock market can dominate. In the initial trade, shares of IndusInd Bank, Infosys, ONGC and ITC gained on the BSE index Sensex, while the stocks of Kotak Bank, HUL, HCL declined. Meanwhile, Reliance Industries shares rose more than 1 percent. Actually, Fitch Ratings has raised the rating of Reliance Industries Ltd. from 'BBB' to 'BBB Plus'. In fact, the financial profile of the company has improved after the sale of 25 per cent stake in Reliance Industries' telecom company Jio and the collection of Rs 53,124 crore from the rights issue.
Earlier, the domestic stock market saw huge fluctuations on Thursday. At the end of the session, the Sensex fell 27 points to close at 34842 while the Nifty remained below 10300. Out of the 30 Sensex stocks, only 12 stocks gained while 18 stocks declined.
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