- Stock Markets on Monday: FII selling, US market corrections remain a pain point for domestic equities; Anil Singhvi gives trigge
- IT indices top losers on NSE, BSE this week; Tata Elxsi gained 16%, Sterlite Tech fell 24%
- RIL Q3 Result: Reliance Industries reports 41.5% jump in December quarter profit - Rs 18,549 crore
- How to transfer EPF online? Step-by-step process fully explained
- 6.5-magnitude quake jolts Philippines, no tsunami alert issued
Closing Bell: Sensex, Nifty50 close on a positive note; Kotak Mahindra Bank surges most
The BSE Sensex gained over 150 points and the Nifty50 closed above the 17000-mark led by the IT and banking stocks despite the concerns of the new Covid-19 variant.
The Indian markets ended on a positive note after opening negative amid a volatile session on Monday. The BSE Sensex gained over 150 points and the Nifty50 closed above the 17000-mark led by the IT and banking stocks despite the concerns of the new Covid-19 variant.
The BSE Sensex surged 153 points or 0.27 per cent to 57260, while the Nifty50 gained 14 points or 0.08 per cent to 17053.95 at the market close. While broader markets underperformed benchmarks as mid-cap slipped over 1 per cent, while small-cap declined over 2 per cent at the market close today.
See Zee Business Live TV Streaming Below:
As many as 16 stocks closed in the green and 34 in the red on the Nifty50. Kotak Mahindra Bank surged most by around 2.5 per cent during the last hour of the session as the Reserve Bank of India allows Life Insurance Corporation to pick additional stakes in the bank.
While HCL Tech gained second-most by over 2 per cent, followed by HDFC Life, TCS, Wipro, Bajaj Finance, Titan each gained between 1-2 per cent at the market close on Monday.
On the contrary, BPCL declined most by over 2.5 per cent, followed by Sun Pharma down 2.3 per cent, Adani Ports down 2.1 per cent, UPL down 2.1 per cent, and NTPC down 2 per cent at the market close on Monday.
Sectoral-wise, Except for Nifty IT all other indices ended in red. IT sector gained around 0.8 per cent, while Nifty FMCG slipped most by 0.77 per cent. While realty and media indices dragged the broader markets most at the closed today.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.