Shares of Balu Forge rose more than 9 percent to hit new highs

Shares of Balu Forge rose more than 9 percent to hit new highs

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong traded higher. US markets rose significantly on Wednesday.

Stock Market News: Balu Forge Shares Hit New Highs Up Over 9 Percent |  Deets inside
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Shares of Balu Forge Industries (BFIL) rose over 9 percent to touch a fresh high of Rs 415 on the BSE on Thursday. The counter had closed at Rs 381.70 in the last trading session. Equity benchmark indices rallied in early trade on Thursday, buoyed by a rally in global markets and continued foreign fund inflows.

Buying in IT stocks added to the positive trend in equities. BSE's 30-share Sensex rose 245.32 points to 80,170.09 in early trade. The NSE Nifty rose 78.2 points to 24,402.65.
Among the Sensex pack, Tata Consultancy Services gained more than 1 percent ahead of its quarterly earnings announcement later in the day.

Other major gainers were HCL Technologies, Tata Motors, Tata Steel, Maruti, Infosys and State Bank of India. Power Grid, Nestlé, Sun Pharma, HDFC Bank and Mahindra & Mahindra were the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong traded higher. US markets rose significantly on Wednesday. Foreign institutional investors (FIIs) bought stocks worth Rs 583.96 crore on Wednesday, according to exchange data.

Global oil benchmark Brent crude rose 0.76 percent to USD 85.73 a barrel. The BSE benchmark closed down 426.87 points, or 0.53 per cent, at 79,924.77 on Wednesday. The NSE Nifty settled down 108.75 points, or 0.45 per cent, at 24,324.45.




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