Sensex, Nifty rise 139 points and 35.55 points respectively, 131 stocks hit a 52-week high

Market outlook today: Reliance securities

 

Mumbai : The 30-share Sensex on Friday closed 139 points or 0.30 per cent upwards at  46,099 while Nifty rose 35.55 points or 0.26 per cent to 13,513.85.

The share market looked upwards mainly due to buying in FMCG and Financials even as foreign funds inflows came in uninterruptedly.

Over 100 stocks hit the 52-week high.  In the broader market, Smallcap indices managed to outpace madcaps.

Markets opened well but later it lost all the gains and turned negative. However, in the last trading time it bounced back and closed marginally above. Gains made in FMCG and Energy sectors were countered by selling in Pharma and IT stocks.

Shares of SpiceJet and logistics company Snowman Logistics gained after the two companies entered into a pact for transporting Covid-19 vaccine in India. The former closed 6.52 per cent up at Rs 106.15 while the latter settled 6.13 per cent higher at Rs 64.90.

Shares of IDBI Bank went up after a senior government functionary said LIC has been asked to consider exiting the lender along with the government. The scrip closed 0.86 per cent higher at Rs 40.95.

A total of 131 stocks rose a 52-week highs on the NSE. Some stocks included 3i Infotech, Allcargo, Adani Ports, Biofil Chemcials, DHFL,Country Club, Dixon Technologies and Godrej Properties.

As many as 445 stocks hit the. Upper circuit on the BSE. These included Vakrangee, Reliance Inra, Welspun India, Yaarli Digital Integrated and DHFL.

YES Bank emerged as the most active stock on NSE in terms of volume with a total traded quantity of 44.44 crore shares. It was followed by Vodafone Idea (41.49 crore), ONGC (14.68 crore), J P Power (11.78 crore). 

Among the most active stocks in terms of value were RIL (Rs 2506 crore), UPL (Rs 2234 crore), HDFC Bank (Rs 1476 crore), IRCTC (Rs 1393 crore).

 

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