Indian Market: Sensex jumps 267.43 points
Mumbai: Snapping a losing streak of the last two sessions, the BSE sensex on Monday advanced 267.43 pts to close at 65,216.09 on the strength of utilities, power, metal, and capital goods stocks.
The Nifty too gained 83.45 points to 19,393.60.
Jio Financial Services (JFS) fell 5% in its market debut, valuing it at around $19 billion. Reliance fell 1.42%. JFS and Reliance were the top Nifty losers. JFS will be removed from the Nifty and Sensex on Aug. 24, per exchange rules.
A see-saw trend was seen today, as the Sensex opened weak at 64,852.70, down 96 pts in the opening trade. During the day, it erased earlier losses and rallied 387 pts to 65,335.82 days higher before closing at 65,216.09, up 267.43 pts from its previous close.
The midcap rose by 0.87 percent and the small cap by 0.71 percent.
In 31 scrips, 24 advanced while 7 declined.
The stocks that lifted the market were utilities by 2.56 percent, followed by power by 2.31 percent, metal by 1.19 percent, and capital goods by 1.09 percent.
The gainers were IndusInd Bank by 2.06 pc to Rs 1399, NTPC by 1.79 pc to Rs 219, Bharti Airtel by 1.68 pc to Rs 870.40, and ITC by 1.44 pc to Rs 448.25.
The losers were Jio Financial Services by 5 percent to Rs 251.75, Reliance Industries by 1.44 percent to Rs 2520, M&M by 0.96 percent to Rs 1537.35, and Maruti Suzuki by 0.41 percent to Rs 9425.
(With UNI inputs)
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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