Indian Shares Rising in Asian Markets

Indian Shares Rising in Asian MarketsAccording to the news, it was revealed that Indian shares are raising in the Asian market due to the consumer goods stocks. The Bombay Stock Exchange's Sensitive Index increased by 51.68 points or 0.3% to close at 18,814.48 after ranging between 18,781.88 and 18,942.42 during the day.

On the National Stock Exchange, the 50-stock S&P CNX Nifty gained 23.30 points or 0.4% and to end at 5,650.50 points. Trading volume on the BSE increased by INR29.91 billion from Friday's INR27.38 billion. Gainers have outnumbered the decliners from 1,766 to 1,075 whereas 123 stocks remained unchanged.

On Friday, it was observed that across the share markets, Asia has increased by huge numbers at Wall Street. Vice President at Global Capital, Avinash Gupta said: "The fact that we are managing to hold our ground despite the sharp rally in recent sessions is a sign that sentiment has turned positive."

Hong Kong's Hang Senghas surged by 1.7%, Japan's Nikkei increases by 1.0% and China's Shanghai Composite took a jump of 1.9% in the market. The positive response has lifted the Indian stocks due to which it has gained by 7.2% from the past eight sessions.

Reliance Infrastructure has increased by 6.8% to INR578.70 and Reliance Communications has closed at 3.3% higher than INR100.60. The BSE mid-cap and small-cap indexes have increases by 0.9% and by 1.2%.

And among the losers, ITC decreases by 1.3% to INR199.00 whereas Hindustan Unilever has closed to 0.2% lower at INR336.05.