The second trading day of the week, Monday, April 21, had a positive start in the Indian stock market. Major benchmark indices BSE Sensex and NSE Nifty 50 opened trading in the green, showing an initial bullish mood in the market.
Business News: The bullish trend continued in the Indian stock market on Monday, April 21. The market made a strong start on the back of global cues and domestic buying and maintained a positive trend throughout the session. Both major indices BSE Sensex and Nifty 50 were seen trading in the green. The market had started showing strength in the morning trading itself, which increased further as the day progressed.
Strong opening in early trade
At the beginning of trading, BSE Sensex opened with a gain of 96 points at 78,617, while Nifty 50 also opened with a slight gain at around 24,374. However, within a few hours, buying intensified in the market and the indices started rising rapidly.
- Sensex gained 430 points and reached near 78,950
Nifty 50 saw a rise of 117 points and crossed the level of 24,480.
Sensex and Nifty rose throughout the day
There was continuous buying in the market during the day’s trading. In the end, Sensex gained about 367 points, while Nifty was seen trading above 24,469. This was the second consecutive session when the market showed strength, which has further increased the confidence of investors.
Top Gainers and Losers
top gainers
Many big stocks saw a rise in today’s trading. These included:
- Adani Ports
- ICICI Bank
- Axis Bank
- Larsen & Toubro
- Bajaj Finance
Strong buying in these stocks played an important role in pushing the market higher.
top losers
At the same time, pressure was seen in some big stocks of IT sector:
- Tech Mahindra
- Tata Consultancy Services
- Infosys
There was a decline in these shares due to profit booking.
Sectoral Performance
A mixed trend was also seen in the sectoral indices:
- Boom in banking and auto sector
- Strength in Nifty Bank and Nifty Auto indexes
- Light pressure in FMCG, IT and midcap stocks
Nifty Midcap and Smallcap indices also saw some decline, but the strength of big stocks supported the market.
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