Mumbai. Domestic stock markets regained momentum on Monday and BSE’s 30-share sensitive index Sensex rose by 650.39 points (0.79 percent) to reach 83,277.15 points. The Nifty-50 index of the National Stock Exchange closed at 25,682.75 points with a rise of 211.65 points or 0.83 percent. There was a decline in domestic markets in early trade due to negative signals from other Asian markets, but the investment sentiment strengthened later due to the rise in European markets.
Due to this, a big fluctuation of 1,057 points was seen in Sensex today. It went down to 82,277 points and up to 83,333 points. There was strong buying in medium and small companies also. Nifty Midcap-50 index gained 0.38 percent and Smallcap-100 index gained 0.48 percent. Banking, realty, FMCG, health, pharma, metals, oil and gas and consumer durables groups were bullish. Indices of auto and media groups closed in the red.
Power Grid’s share among Sensex companies rose by about four and a half percent. HDFC Bank also had a rise of more than two percent. Shares of Axis Bank, NTPC, ITC, Asian Paints, Bajaj Finserv, Tata Steel, Bharti Airtel, Reliance Industries, Adani Ports and Kotak Mahindra Bank closed one to two per cent higher. Shares of State Bank of India, L&T, HCL Technologies, BEL, TCS and Hindustan Unilever also remained in the green. Tech Mahindra, Maruti Suzuki, Bajaj Finance, Trent and Mahindra & Mahindra declined.
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