Stock market closed: Rise in domestic stock markets…Sensex jumped by 573 points, Nifty closed with gains.
Mumbai. Domestic stock markets remained bullish on Friday amid positive signals from abroad and BSE’s 30-share sensitive index Sensex closed at 85,762.01 points with a gain of 573.41 points (0.67 percent). The market remained bullish from the beginning today. The Nifty-50 index of the National Stock Exchange rose 182 points or 0.70 percent to reach 26,328.55 points.
Shares of FMCG company ITC fell for the second consecutive day after the notification of increase in cess and tax on Pan Masala, Cigarette-Bidi and other tobacco products from February 01 amid all-round buying. Its shares fell by 4.45 percent today. Indices of medium and small companies also remained on the rise. Nifty Midcap-50 index rose 0.94 percent and Smallcap-100 index rose 0.72 percent.
Except FMCG, there was growth in all other sectors. Buying was high in companies from realty, metals, auto, finance, banking and consumer durables groups. NTPC shares rose more than four percent. There was a rise of more than two and a half percent in Trent.
Shares of Bajaj Finance, PowerGrid, Maruti Suzuki, State Bank of India, BEL, ICICI Bank, Reliance Industries, Mahindra & Mahindra, Hindustan Unilever and HDFC Bank rose between one and two per cent.
Shares of Infosys, TCS, Asian Paints, Sun Pharma, L&T, Tata Steel and Adani Ports also closed in the green. Apart from ITC, Kotak Mahindra Bank declined by more than one percent. Axis Bank shares also fell.
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