Sensex scales another 300 points

Gayathri Udyawar
/ Categories: Trending, DSIJ News
Sensex scales another 300 points

A new week, a new rally and the market is up more than 300 points in the morning session on Monday. Banks stocks again headed northwards, while auto stocks were going southwards.

The BSE Sensex was at 38,344.05, up by 319.73 or 0.84 per cent at 9:38 hours on Monday, while the broader benchmark Nifty50 was at 11,523.50, up by 96.65 or 0.85 per cent. The popular trading index Nifty Bank was trading at 29,783.60, up by 402.15 points or 1.37 per cent, while Nifty Realty was up by 1.15 per cent. All sectoral indices were in green, expect Nifty Auto down by 0.37 per cent and Nifty Pharma down by 0.59 per cent.

The market also saw broad-based participation in the rally as witnessed by the gains in the Nifty Mid-cap 100 and Smallcap 100, which were up by 0.43 and 0.65 per cent.

The uptrend in the market can be attributed to positive global cues. Among the top contributor to BSE Sensex's gains were heavyweights Reliance and HDFC Bank; contributing around 75 points each, supported by Kotak Bank, Axis Bank and ITC.

Among the top gainers on Sensex were Kotak Bank trading at Rs. 1,351.45 per share, up by 1.97 per cent, Axis Bank at Rs. 750.00 per share, up by 1.94 per cent, Reliance at Rs. 1,346.15, up by 1.78 per cent, Power Grid at Rs. 195.55 per share, up by 1.66 per cent, Asian Paint at Rs.
1,454.50, up by 1.55 per cent, Tata Motors at Rs. 182.80, up by 1.44 per cent.

Among the top losers were Maruti quoting Rs. 6,833.90, down by 3.64 per cent, Hero Moto at Rs. 2,705.60 per share, down by 1.22 per cent and ONGC at Rs. 154.00, down by 1.06 per cent, followed by Bajaj Auto, COAL INDIA, Vedanta down by around 0.50 per cent. Auto stocks experienced selling pressure on the back of production cuts announced by auto major Maruti Suzuki

 

 

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