Sensex, Nifty end higher as Auto, Realty stocks gain today
Closing Bell: Sensex, Nifty end higher as Auto, Realty and Energy stocks gain today
Indian stock markets opened lower on Monday amid negative cues from other Asian market peers. The Nifty index opened at 18235.65 levels, down by 20.1 points while Sensex made a negative opening of just 3.31 points at 61219.64. Though the key equity benchmark indices opened in the red, they recovered immediately after a few minutes of trading. In the end, markets gained on the back auto, realty, and energy stocks.
Stock Market News Today
Indian markets got some support from the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Anurag Jain’s statement that investors are taking a huge interest in the country’s startup ecosystem, and in the last year, annual fundings into startups have increased from $11 billion to $36 billion.
Meanwhile, a private report stated that the uncertainty from the covid third wave will force the forthcoming Budget to push the fiscal pedal more to support the fragile recovery, and print in a 6.5 percent fiscal deficit as the government is likely to budget for around Rs 42 lakh crore of CAPEX next fiscal.
However, the upside of the markets remained capped as some concern as the Engineering Export Promotion Council of India has expressed that the spread of new variants may once again disrupt the global supply chain which could lead to a slowdown in trading activities.
On a global front, Asian Countries mostly closed in the green today after China reported its GDP growth at an 8.1% annual pace in 2021, the fastest in 10 years, though growth slowed to half that level in the last quarter. The European markets are trading higher following the positive cues from the Asian market peers.
Sensex and Nifty at the Close Today
At the close, Nifty was up by 52.35 points or 0.29 percent and closed at 18308.10 levels while Sensex gained 85.88 points or 0.14 percent and finished at 61308.91 levels. The Bank Nifty index closed lower today, it was down by 154.25 points or 0.40 percent on spot and ended at 38216.15 levels.
The broader markets closed in line with their larger peers today, as the Nifty midcap and smallcap indexes closed higher today. The Nifty midcap index was up by 50.95 points or 0.16 percent and closed at 32040.60 levels. The Nifty smallcap index gained by 71.25 points or 0.60 percent and finished at 11980.75 levels.
Top Nifty Gainers and Losers Today
The top gainers in the Nifty 50 index were Hero Motor Corp, Grasim, ONGC, Tata Motors, and Ultratech Cement. Whereas the top losers were HCL tech, HDFC Bank, Britannia, Axis Bank, and Cipla.
The top gainers in the Nifty midcap index were Apollo Tyers, Exide Ind, Amara Raja Batt, and the losers were Dr. Lal Path Lab, Laurus Labs, and Vodafone Idea.
The top gainers in the Nifty smallcap index were Alok Industries, Rail Vikas, and Trident and the losers were Granules India, Tanla Platforms, Dilip Buildcons.
The most active stocks in the Nifty index in terms of value were HDFC Bank, HCL Tech, and Tata Motors. The most active stocks in terms of volume were ONGC, Tata Motors, and Axis Bank.
On a sectoral front, The Auto, Realty, Oil & Gas, FMCG, and Media were closed in the green today. The sectors that closed in the red were Pharma, Banking, Financial Services, and IT.
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Editorial desk
