The stock market closed flat on Thursday for the fifth day. As a result, the Mumbai stock market index Sensex rose by 96 points. The Nifty, comprising the top 50 stocks of the National Stock Exchange, rose 51.70 points (0.30 per cent) to end at 17,563.95.
Global market cues were largely unfavorable. Thus, the domestic market started with weakness. Then, most of the time there was a certain limits negotiation going on. But the market ended the 5th day up on the back of last-minute buying in IT stocks, stock brokerages said.
Up 96 points: The Sensex closed down 282.71 points at 58,824.48 in the morning. The Sensex, which later touched a high of 59,273.85, ended up 95.71 points (0.16 per cent) at 59,202.90.
19 Stocks Price Volatility: In the Sensex index comprising 30 top-tier stocks, 19 stocks were gainers. Only 11 stocks were in decline. Leading the gainers were IT major HCL Tech up 2.23 percent and Tech Mahindra up 2.13 percent. Power Grid, NTPC, Bajaj Fin Sav, Nestlé, Bharti Airtel, TCS, Infosys, ITC, Wipro among others rose between 1 and 1.75 percent.
Indus Indus Bank falls sharply: Meanwhile, leading private sector bank Indus Indus Bank (4.71 per cent) and Asian Paint (2.26 per cent) led the decliners. Also, Ultra Tech Cement, HDFC Bank, HDFC, Titan, Axis Bank, etc. also came in the list of low cost.
Market Capitalization: Meanwhile, the market capitalization of the Mumbai Stock Exchange remained largely unchanged at Rs 274.58 lakh crore at the close of trading. Foreign institutional investors (FIIs) on Tuesday invested Rs. 453.91 crores worth of shares have been sold.