Sensex, Nifty snap 3-day decline as consumer, bank stocks up

Sensex, Nifty snap 3-day decline as consumer, bank stocks up

Sensex and Nifty closed strongly today.

New Delhi:

Indian equity benchmarks closed higher in volatile trade on Monday amid mixed cues from Asian peers, ending a three-day losing streak. Domestic indices lost in metals, technology and energy during late deals as gains in consumer, banking and financial stocks.

The 30-share BSE Sensex closed 327 points or 0.62 per cent lower at 53,235 today, while the broader NSE Nifty closed 83 points or 0.53 per cent higher at 15,835. During today’s session, the Sensex closed with a gain of 627 points.

Mid- and small-cap stocks ended on a strong note as Nifty Midcap 100 rose 0.69 per cent and Small-cap 0.64 per cent.

Nine of the 15 sector gauges – compiled by the National Stock Exchange – settled in the green. Sub-indices Nifty FMCG, Nifty Consumer Durables, Nifty Bank and Nifty Financial Services outperformed the NSE platform by rising up to 2.66 per cent, 0.77 per cent, 1.20 per cent and 0.93 per cent, respectively.

However, Nifty Metal, Nifty IT and Nifty Oil & Gas showed weakness, falling 0.99 per cent, 0.62 per cent and 0.41 per cent.

On the stock-specific front, Hindustan Unilever was the top Nifty gainer as the stock rose 3.84 per cent to Rs 2,370. IndusInd Bank, Britannia, ITC and ICICI Bank were also gainers.

Overall market breadth remained positive with 2,026 stocks falling, while 1,360 declined on the BSE.

HUL, IndusInd Bank, ITC, ICICI Bank, PowerGrid, SBI, Axis Bank, Bharti Airtel, HCL Tech, NTPC, Titan and Nestle India were the top gainers on the 30-share BSE index with shares up to 3.78. Percent.

Besides, shares of Life Insurance Corporation of India (LIC), the country’s largest insurer and largest domestic financial investor, closed 2.33 per cent higher at Rs 692.50.

Conversely, TCS, Tata Steel, Mahindra & Mahindra, Dr Reddy’s, Tech Mahindra and Wipro were in the red.


Indian Lekhak

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