The Indian equity market started the week on a positive note with benchmark indices displaying significant gains. The bullish market mood was driven by a wave of global positivity, including the easing of US-China trade tensions and new hopes of potential trade agreement between US and India, which boosted the investors’ confidence.
Domestically, the market noticed strong fundamentals as the nation just witnessed the festival season sales. The private sector has also expanded its capital spending, which has showcased an optimistic outlook for India’s growth trajectory. The bull run was further supported by Foreign Institutional Investors (FII) emerging as net buyers.
BSE Sensex opened the day at 84,297.39, and closed at 84778.84, gaining about 170.90 points or 0.66 per cent. The index marked a low of 84,294.20 and touched a high of 84,932.08.
Top gainers
Grasim Industries: Opened at rupees 2.859, closed at rupees 2923.90, gained 82.60 points or 2.91 per cent.
SBI Life Insurance: Opened at rupees 1,880.20, closed at rupees 1903.10, gained 63.30 points or 3.44 per cent.
Bharti Airtel: Opened at rupees 2,030, closed at rupees 2,080.10, gained 50.80 points or 2.50 per cent.
SBI: Opened at rupees 906.95, closed at rupees 922.75, gained 18.25 points or 2.02 per cent.
Top losers
Kotak Mahindra Bank: Opened at rupees 2,172.20, closed at rupees 2,148.60, losing 38.40 points or 1.76 per cent.
Bharat Electronics: Opened at rupees 425, closed at rupees 415.15, losing 6.90 points or 1.63 per cent.
Bajaj Finance: Opened at rupees 1,090.95, closed at rupees 1,084.40, losing 5.35 points or 0.498 per cent.
Adani Enterprises: Opened at rupees 2,504.20, closed at rupees 2,492.80, losing 11.40 points or 0.46 per cent.
Volume shockers
Vodafone Idea: The stock traded about of 214 core shares.
Utkarsh Small Finance Bank: The stock traded a total of 14.90 crore shares.
EPACK Durable: Total shares traded for the day is 7.80 crore.
Shipping Corporation of India: Total shares traded for the day is 6.68 crore.
NSE Nifty 50 opened the trading day at 25,843.20, gained 170.90 points or 0.66 per cent, and closed the day at 25,966.05, touched a high of 26,005.95 touched a low of 25,827.00 and a high of 26,005.95.
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