Sensex, Nifty continue rally; Laurus Labs locks in at upper circuit, Jubilant Foodworks touches fresh 52-week high
The markets rebounded from the previous week’s fall as even today, the domestic benchmark indices continued their Friday’s rally as Sensex zoomed by 592.97 points or 1.59 per cent to settle at 37,981.63 levels while Nifty gained by 177.30 points or 1.60 per cent to close at 11,227.55 levels.
During today’s trading session as well, the bulls showed their strong presence over the domestic markets. Gains were prominently seen in banking and financial stocks on expectations of stimulus and capital support to state-run banks. Metal, pharma, and auto stocks also rallied.
Positive industrial data from China showed signs of recovery boosting the global indices. Asian indices such as Hang Seng, Nikkei, and KOSPI gained by 1.04 per cent, 1.32 per cent and 1.29 per cent, respectively whereas, Shanghai index closed flat with a negative bias. European indices such as FTSE 100, DAX, and CAC 40 were trading in the green, up by 1.45 per cent, 2.78 per cent and 2.11 per cent, respectively.
In Sensex basket, 27 stocks advanced while 3 declined. Sensex gainers included IndusInd Bank that went up by 7.85 per cent, Bajaj Finance soared by 6.29 per cent, Axis Bank rose by 5.83 per cent, Power Grid increased by 4.51 per cent, ONGC gained by 4.35 per cent, Sun Pharmaceutical Industries rose by 4.24 per cent, ICICI Bank inched up by 4.13 per cent, Mahindra & Mahindra increased by 3.77 per cent, etc.
Sensex losers consisted of HUL, which went down by 0.66 per cent, Infosys fell by 0.15 per cent and Nestle declined by 0.12 per cent.
Amongst sectoral indices on BSE, the Power index was the biggest gainer, up by 3.40 per cent, followed by indices such as Bankex, Auto, and Realty that gained by 3.38 per cent, 3 per cent and 2.98 per cent, respectively. Indices such as IT, TECK, FMCG, and Energy were amongst the lowest gainers, up by 0.33 per cent, 0.51 per cent, 0.76 per cent and 0.99 per cent, respectively.
In the broader markets, BSE Small-Cap index zoomed by 2.54 per cent. Small-Cap index gainers included Liberty Shoes, PVR, NOCIL, JBM Auto, Seamec, etc. Meanwhile, BSE Mid-Cap index surged by 2.68 per cent and the top mid-cap index buzzers include L&T Finance Holdings, Balkrishna Industries, Natco Pharma, Federal Bank, PNB Housing Finance, etc.