Stock Market Closes For Fourth Consecutive Session; Sensex Rises 296 Points: Metal, Pharma Stocks Continue To Rise

Stock Market Closes For Fourth Consecutive Session; Sensex Rises 296 Points: Metal, Pharma Stocks Continue To Rise

BSE's 30-share sensitive index Sensex closed at the level of 49502.41, up 295.94 points or 0.60 percent. Similarly, NSE Nifty gained 119.20 percent or 0.80% to close at 14942.40 points.

Domestic stock markets closed on Monday for the fourth consecutive session on increased buying by pharma and metal stocks. BSE's 30-share sensitive index Sensex closed at the level of 49,502.41, up 295.94 points or 0.60 percent. Similarly, NSE Nifty gained 119.20 percent or 0.80% to close at 14,942.40 points. The shares of Coal India, UPL, Hindalco Industries, IOC and Tata Motors were the biggest bumps on the Nifty. Shree Cements, UltraTech Cement, Britannia Industries, Infosys and Hero MotoCorp were the biggest losers.

Talking about sectoral indices, indices like Auto, Energy, Infra, Pharma, Metal and PSU Bank saw a rise of one to three percent. At the same time, the BSE Midcap and Smallcap Indices also saw a rise of about one percent.

Sensex is a rage in these stocks

L&T shares saw the maximum jump of 3.89 percent on Sensex. Apart from these, Dr. Reddy's stock gained 3.01 percent and Sun Pharma's stock rose 2.74 percent. Apart from these NTPC, Powergrid, IndusInd Bank, ONGC, M&M, Kotak Mahindra Bank, HDFC, Tech Mahindra, ICICI Bank, SBI, Maruti, Hindustan Unilever Limited, Bharti Airtel, TCS, HDFC Bank, Titan, Nestle India, Asian Paint, Bajaj The shares of Finjerve, ITC, Bajaj Finance and Bajaj Auto closed with a green mark.

These stocks are in red mark

On the other hand, UltraTech Cement saw the biggest fall of 1.22 percent. Apart from these, shares of Infosys, Reliance Industries, HCL Tech and Axis Bank closed with a red mark.

Binod Modi, Head (Strategy), Reliance Securities, said, "Domestic stock markets have gained for the fourth consecutive session, accelerating the Covid-19 cases and ignoring travel restrictions imposed by many states."

Talking about other Asian markets, the stock markets closed with gains in Shanghai, Tokyo and Seoul. Markets in Hong Kong closed down. European markets were seeing a decline in the afternoon session.

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