Share Market Update: Strong buying in the market, Nifty closes to 17,000, Sensex closed up 1039 points


Share Market Update: Strong buying was seen in the Indian stock market on Wednesday, a day before the expiry of the week. Nifty has reached its important level of 17,000 in the last hour today. Today the markets were open with a boom in the morning and this momentum remained intact throughout the day. Most of the major Nifty stocks remained in the green. Big buying was seen in Auto and IT.

Sensex closed at 56816.65 with a gain of 1039.80 points today. At the same time, the Nifty closed at the level of 16975.35 with a gain of 312.35 points, up by 16975.35 points. 47 shares of Nifty 50 remained in the green today. Bank Nifty closed at 35748.25 with a gain of 725.60 points.

According to the EXCLUSIVE news received by CNBC-TV18 from sources, ICICI may sell its entire stake in Lombard General Insurance to Bharti Enterprises. Bharti Enterprises may sell stake through block deal next week.

Gold Price Today
Today again the prices of gold and silver have come down. In the jewelery market, the price of 10 grams of gold was seen trading beyond Rs 51315. At the same time, the rate of silver is running above 67288. The price of 24 carat gold opened at Rs 51,315. On Tuesday, the price of gold in the bullion market closed at Rs 51,521. Today the price fell by Rs 206. The average price of 23 carat gold was Rs 51110. Now the spot price of 22 carat gold stood at Rs 47,005. At the same time, the price of 18 carat reached Rs 38,486. Today the rate of 14 carat gold stood at Rs 30019.

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