Mumbai. Major indices in the domestic stock markets closed with slight gains on Monday due to buying in banking shares. BSE’s 30-share sensitive index Sensex closed at 78,520.30 points, up 26.76 points (0.03 per cent). The Nifty-50 index of the National Stock Exchange also rose by 11.30 points or 0.05 percent to reach 24,364.85 points. A lot of ups and downs were seen in the market today.
Especially after opening with gains in early trade, the major indices kept moving up and down compared to the previous trading day’s level. Even before the end of the session, the Sensex had gone into the red for some time, but finally closed higher. In mid-trade it went up to 78,942.45 points and down to 78,203.30 points. In contrast to the major indices, selling dominated the macro markets.
Nifty Midcap-50 index closed down by 0.19 percent and Smallcap-100 index closed down by 0.45 percent. Indices of public banks, media, auto, oil and gas and financial groups remained in the green. Indices of IT, metals, private banks, FMCG, chemicals, health and consumer durables groups remained in the red. Among Sensex companies, Trent’s shares rose by more than 3.25 percent.
There was a rise of two and a half percent in State Bank of India, two percent in Asian Paints and more than one percent in NTPC and Bajaj Finance. Shares of IndiGo, Eternal, Mahindra & Mahindra, ICICI Bank and Power Grid also remained in the green. L&T and BEL fell by more than one percent. Shares of HCL Technologies, Kotak Mahindra Bank, Bajaj Finserv, ITC, HDFC Bank, Tech Mahindra, Infosys, Sun Pharma and Titan also fell.
