Stock Markets CLOSING BELL! Sensex, Nifty jump nearly 0.5% - Steel and banking stocks lead the surge
On the last day of the trading session this week, the market closed on a positive note both Sensex and Nifty ending nearly 0.5 per cent today amid the strong global cues.
On the last day of the trading session this week, the market closed on a positive note both Sensex and Nifty ending nearly 0.5 per cent today amid the strong global cues.
BSE Sensex closed over 226 points higher to 52925.04, while Nifty grew 65.90 points to 15856.35 levels. Similarly, Nifty Bank zoomed over 525 points or one and a half per cent to 35352.15, and Mid-cap Index jumped around 288 points or one per cent to 26889.45 levels.
The banking and financial stocks rallied most today, aiding the market to end on a positive note today, Stocks such as Axis Bank, State Bank of India, and ICICI Bank were among the top five gainers on the NSE
Of 50 scrips on Nifty 50, 34 advanced and 16 declined at the close on Friday. Tata Steel maintained its surge since early morning trade today by around five per cent to Rs 1166 per share, followed by Hindalco around two per cent to Rs 375.85 per share on the NSE at the close today.
Reliance Industries become the worst performer and continued its falls for the second straight session after its annual general meeting on Thursday. The stock declined by near two and a half per cent to Rs 2103.95 per share, while it has declined by around six per cent in the last two days.
Other heavyweight stocks that declined most are NTPC, HUL, Titan and Asian Paints, each feel between two to one per cent on the index today at close.
Sector-wise, the Nifty Metal jumped over two and a half per cent at the close today, led by Tata Steel and Hindalco. While other sectors such as Nifty PSU bank and Nifty Bank too lifted the market today. Only FMCG ended in the red, interestingly it was opened negative in the morning and continued its decline trend the whole session today.
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