Stock Market Closed: Stock markets rose for the third consecutive day, major indices rose by more than 1%
Mumbai. Amid mixed signals from abroad, domestic stock markets witnessed a rise for the third consecutive trading session on Monday and major indices closed with a gain of more than one percent. After falling by about 591 points in early trade, BSE Sensex rose 787.30 points (1.07 percent) to 74,106.85 due to buying in the afternoon. It has closed above 74 thousand points for the first time since March 25.
The Nifty-50 index of the National Stock Exchange (NSE) also closed at 22,968.25 points with a gain of 255.15 points or 1.12 percent. This is also its highest closing level since March 25. Investment sentiment in the domestic stock markets has strengthened due to the continued rise in the rupee and positive service sector PMI data. There was strong buying momentum in medium and small companies also.
Nifty Midcap-50 index was up 1.55 percent and Smallcap-100 index was up 1.29 percent. Buying dominated in all sectors except oil and gas and media groups. Indices of banking, finance, realty and consumer durables groups rose more than two percent. Auto, metal, FMCG and IT groups also witnessed good growth.
Shares of a total of 3,346 companies were traded in NSE, out of which 2,511 shares closed with gains and 746 with losses. Shares of other 89 companies ended unchanged. Shares of 28 out of 30 Sensex companies closed in the green. Trent had the highest increase of 7.89 percent.
Shares of Axis Bank closed up by 3.94 per cent, Titan by 3.58, L&T by 3.19, UltraTech Cement by 3.06, Bajaj Finance by 2.93, IndiGo by 2.75, HDFC Bank by 2.68 and Bajaj Finserv by two per cent.
Shares of Power Grid gained 1.83 per cent, NTPC 1.71 per cent, BEL 1.35, State Bank of India 1.29, ICICI Bank 1.25 per cent and Tata Steel 1.06 per cent. Shares of TCS, Hindustan Unilever, Adani Ports, Asian Paints, ITC, Kotak Mahindra Bank, Tech Mahindra, Infosys, Maruti Suzuki and Mahindra & Mahindra also remained in the green.
Reliance Industries shares fell 3.41 percent. Globally, in Asia, Japan’s Nikkei closed 0.55 percent higher while China’s Shanghai Composite slipped 1 percent and Hong Kong’s Hang Seng slipped 0.70 percent. In European markets, Germany’s DAX was down 0.56 percent in early trade, while Britain’s FTSE was up 0.69 percent.
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