Sensex, Nifty go up snapping 3-day trial and adding Rs 2.77 Cr to investors’ wealth

Markets to witness a near-term reversal: Arun Kumar S, Market Strategist, Reliance Securities Ltd.

BSE Sensex and NSE Nifty went up on Friday, snapping the three-day losses to settle at the day’s high levels, thereby enabling the gains to add Rs 2.77 lakh crore to investors’ notional wealth.

BSE Sensex rallied 767 points or 1.3 per cent to end at 60,686 while Nifty50 index went up 230 points or 1.3 per cent to close at 18,102.

Altogether 25 stocks out of 30 in the Sensex closed in the Green. Tech Mahindra was the topmost gainer, up 4.06 per cent followed by HDFC, Infosys, Bajaj Finance, Reliance Industries Ltd. 

Among the losers were Bajaj Auto, down 3 per cent, followed by Tata Steel, Axis Bank, NTPC and Power Grid Corporation of India.

Among the sectors, Nifty IT was the top gainer, rising 2.10 per cent while Nifty Financial Services, Nifty Realty, Nifty Metal, Nifty FMCG gained over one per cent except Bank Nifty which gained 0.5 per cent.

Investors sentiments were high on Friday amidst hope for increase in foreign investment portfolio inflows following MSCI semi-annual review yesterday.

Among the individual stocks, shares of Vodafone Idea went up more than 4 per cent after the company reported an impressive earnings for the quarter ending September 2021.

Tata Steel fell one per cent as the company reported lower than expected consolidated operating profit and witnessed a sequential decline in its operating margins in the quarter ending September 2021.

Recommended For You

About the Author: FI Online