Nearly 600 points surge in Sensex as banking stocks lead the way

Geyatee Deshpande
/ Categories: Trending, DSIJ News
Nearly 600 points surge in Sensex as banking stocks lead the way

In continuance of its rally for the second consecutive session, Sensex gained by 1.88 per cent or 595.37 points to close at 32,200.59 level thus, reclaiming its 32,000-mark while Nifty climbed up by 175.15 points which is 1.88 per cent higher than its previous close, to reach 9,490.10 level, on Thursday.

Banking and financial stocks continue their momentum, pushing the Sensex index higher during the second successive trading session. Market experts speculate value buying and short covering to be possible reasons for the increased momentum and believe that it will not last for long.

European stocks such as FTSE 100, DAX and CAC40 were trading in green, up by 0.53 per cent, 0.091 per cent and 0.33 per cent respectively, having absorbed positive global sentiments about reopening of economies as well as the easing up of lockdown restrictions.

There was a 2.32 per cent surge in Nikkei index, possibly attributable to the hopes of a quick economic normalization, while Shanghai index increased by 0.33 per cent. On the other hand, Hong Kong's Hang Seng index fell by 0.72 per cent, as China intends to implement the national security law in Hong Kong, thus, feeding the rising concerns over US-China tensions. As inventories rose more than expected, WTI crude price fell by 1.83 per cent to US$ 32.21 per barrel.

Sensex gainers consisted of LT gaining by 6.17 per cent, Hero MotoCorp increasing by 5.52 per cent, IndusInd Bank going up by 4.95 per cent, HDFC Bank rising by 4.56 per cent, Maruti rallying by 4.37 per cent, etc. Sensex losers were ITC declining by 0.83 per cent, SBI decreasing by 0.19 per cent and Bharti Airtel which fell by 0.05 per cent.

Amongst sectoral indices, Bank Nifty gained by 2.45 per cent while Nifty Auto rose by 3.65 per cent. On BSE, Capital Goods index was the highest gainer, up by 5.11 per cent.

Market Snapshot

NSE

No. of Stocks

No. of stocks (%)

Advances

1,239

66.40

Declines

526

28.19

Unchanged

101

5.41

Total

1,866

100

 

Indices Performance

Indices

Price

Change

% Change

S&P BSE SENSEX

32200.59

595.37

1.88

S&P BSE 100

9587.64

176.84

1.88

S&P BSE 200

3994.14

70.77

1.8

S&P BSE 500

12271.5

216.26

1.79

 

Sectoral Indices

Price

Change

% Change

BSE Healthcare

15297.26

9.27

0.06

BSE FMCG

10591.43

95.72

0.91

BSE Capital Goods

12027.35

584.38

5.11

BSE TECK

7291.47

38.86

0.54

BSE Information Technology

14204.85

58.24

0.41

 

BSE 200 Top Gainers

Stock

Price

Change

% Change

Zee Entertainment Enterprises

180.75

16.25

9.88

Aditya Birla Fashion and Retail

118.35

10.3

9.53

Indian Hotels

73.7

6.1

9.02

Eicher Motors

16216.9

1247.55

8.33

Motherson Sumi Systems Ltd

92.45

5.85

6.76

 

BSE 200 Top Losers

Stock

Price

Change

% Change

Punjab National Bank

26.75

-0.75

-2.73

Adani Power

36.05

-0.95

-2.57

Torrent Pharmaceuticals

2355

-48.55

-2.02

Emami

192

-3.8

-1.94

Mahindra & Mahindra Financial Services

136

-2.55

-1.84

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