Sensex and Nifty50 index bounced back today after yesterday’s fall

 

Sensex & Nifty50 today: Indian markets opened in the green today and in the late afternoon extended their early gains. Bank Nifty was trading volatile during the day, Telecom and Banking & Finance stocks were in focus today. In the end, markets closed on positive notes today, Nifty close above 12850.

The market sentiment was positive as SEBI in its latest report showed that investment through participatory notes (P-notes) in the capital market surged due to global liquidity and measures taken by the Indian government. Some optimism also came with the ICRA’s latest report that stated the YoY contraction in India’s GDP will narrow appreciably to 9.5% in Q2FY21 from 23.9% in the previous quarter.

On the global market front, Asian markets were closed mostly in the green even after surging coronavirus cases and chances of fresh lockdown and restriction in the US and some other parts of the world. European markets are trading marginally higher today. The US futures markets are trading almost flat on the last day of the week.

 

 

Market updates: Bank Nifty, Sensex, and Nifty50 today

 

At the close, Nifty50 gained 87.30 points or 0.68%, and at 12859 levels and Sensex 282.29 points or 0.65% and at 43882.25 levels. The Bank Nifty on the spot levels jumped 332.95 points or 1.15% and ended at 29236 levels. 

The Nifty midcap and smallcap 100 indices closed higher today. The midcap index gained 160.25 points or 0.85% and at 18962.55 levels. The smallcap index gained 70.60 points or 1.16% and ended at 6182.25 levels.

The top five gainers in the Nifty50 index for the day are Bajaj Finserve, Titan Company, Gail, Bajaj Finance, and Kotak Mahindra. On the losing side, Reliance, Adani Ports, IndusInd Bank, Sun Pharma, and Dr. Reddy’s Lab. Reliance, Bajaj Finserve, and Bajaj Finance were the most active stocks in the NSE today.

On a sectoral basis, Telecom, Banking & Finance, Capital Goods, FMCG, and IT & Software sectors closed as top gainers. On the losing side, Oil & Gas, Infrastructure, Electricals, Hospitality and Aviation sectors closed in the red today.

 

NSE Market Indices: Nifty 50 and Bank Nifty futures today

 

The  Nifty 50 futures price today opened at 12795.05, and it made a flat opening, up 1.55 points today. It has touched an intraday high at 12909.50 and a day’s low at 12744.50

The Nifty 50 futures price has given a movement of 165 points today. In the end, it gained by 60.50 points or 0.47% and closed at 12854 levels.

The Bank Nifty today in futures opened at 28949.20 It made a positive opening of 37.15 points. It has touched an intraday high at 29412 and a day’s low at 28562.15

The Bank Nifty futures today has given a movement of 849.85 points. In the end, it gained 242.95 points or 0.84% and closed at 29155 levels.

 

Conclusions

Indian stock markets bounced back today after yesterday’s fall. The market was trading slightly volatile in the morning session but later the indices managed to close at a decent gain. Banking & Finance, IT, and FMCG stocks helped the market to trade higher today.

You can read the complete weekly market updates, global market updates tomorrow on our website.

 

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Happy Weekend!!

Editor’s desk