The stock market ended the week on Monday, the first trading day of the week. The Bombay Stock Exchange benchmark Sensex finally rose 237 points on the back of a sharp rise and fall throughout the day. Subsequently, the decline was put to an end for 6 days.
In the absence of favorable global market indicators, the domestic market was initially weak. In this situation, with the ups and downs coming, European markets saw gains in the afternoon and its impact was echoed in the domestic market. Due to this, the market ended the day after a slump of 6 days. In particular, HDFC twin companies, including leading IT companies such as Infosys, TCS, Wipro, Hindustan Unileva, were among the biggest contributors to the market. Meanwhile, foreign institutional investors sold shares worth Rs 7,818.61 crore last Friday and withdrew their investments, according to market data.
2,812 shares of the company’s stock price: Out of a total of 3,578 companies listed on the Bombay Stock Exchange, only 618 shares were listed on the dividend. 2,812 shares came on the fall list. 148 shares remained unchanged. 56 stocks recorded new 52-week highs and 574 stocks recorded new lows. The market capitalization declined by Rs 1.91 lakh crore to Rs 234.86 lakh crore at the end of trading.
Sensex up: The Sensex, which started the morning at 51,470.03 with a gain of 109.61 points, fell to 51,062.93. The Sensex, which had subsequently touched a high of 51,714.61, finally rose 237.42 points (0.46 per cent) to close at 51,597.84. The Sensex had lost 297.49 points at one point during the trade. The ups and downs were very high throughout the day.
Tata Steel falls sharply: 17 out of 30 top-ranked stocks in the Sensex gained. 13 stocks were on the fall list. Leading steel maker Tata Steel fell 5.03 per cent to top the list. This was followed by IndsInd Bank, NTPC, Reliance, Pow Grid, M&M and SBI, which fell 1.50 to 3 per cent.
HDFC futures: Meanwhile, home loan lender HDFC Bank, a private lender, and toxin maker Hindustan Unilever rose 3.95 per cent, topping the earnings list. This was followed by Ultra Tech Cement, Asian Paint, HDFC Bank, Wipro and Infosys, which rose 2 to 3 per cent. Shares of leading companies including TCS, Tech Mahindra, Kotak Bank and Nestle were also on the list.
Nifty 57 points Futures: Only 298 stocks gained on the National Stock Exchange. 1,692 shares were on the fall list. 27 stocks gained in the Nifty list. 23 stocks were on the decline list. The Nifty, which started the morning at 15,334.50 with a gain of 41 points, fell to 15,191.10. The Nifty then closed at 15,382.50, up 56.65 points (0.37 per cent) at 15,350.15.
Metal, Oil & Gas indices fall sharply: The Nifty Metal index fell 3.90 per cent and the Oil & Gas index fell 3.20 per cent on the National Stock Exchange. Realty, PSU Bank, Media Indices fell 2 to 2.60 percent. At the same time, the FMCG index topped the earnings list with a gain of 1.70 percent. Also, Palma, Healthco, IT and Financial Services indices rose 0.40 to 1 per cent.
LIC shares up 1.55%
Shares of LIC traded up 1.55 per cent at Rs 664.70 on the National Stock Exchange on Monday. LIC, which started at Rs 660.45 in the morning, went down to Rs 650 and recorded a new low price. Then, the maximum rose to Rs 666.70. Similarly, shares of LIC traded up 1 per cent at Rs 661.25 on the Bombay Stock Exchange.