Stock market improves after six days of one-sided fall
Indian stock markets rose on Monday amid cues from global markets. After a one-sided fall last week, the stock market saw a good rise on Monday. Two major indices closed in the green zone amid selling in the market. On Monday, the Sensex closed at 51,597.84, up 237.42 points, or 0.46 per cent, while the Nifty gained 56.65 points or 0.33 per cent to close at 15,350.15. On Monday, 13 companies fell and 17 stocks rose in the Sensex. Tata Steel was the biggest loser on Monday, followed by IndusInd Bank, Reliance, M&M, NTPC, SBI, Axis Bank, Larsen & Toubro, Power Grid, Bajaj Finserv, ICICI Bank and Indian Airtel.
Hindustan Unilever recorded the highest increase
Hindustan Unilever’s shares were the biggest gainer in the improved market on Monday. The stock closed up 3.9 percent as the top gainer. Apart from this, HDFC, Ultra Chemical, Asian Paints, HDFC Bank, Wipro, Infosys, Sun Pharma are among the top gainers. There was a mixed environment in the sectoral index on Monday. Nifty Bank, Nifty Auto, Media, Metal, PSU Bank, Private Bank, Realty, Consumer Durables and Oil & Gas Sector indices closed lower on Monday while Healthcare Index, Pharma, IT, FMCG, Financial Services traded in the first week of the week. On Monday, the stock market started trading on the green mark and put the brakes on the continuous decline compared to the previous days and finally closed on the green mark. On one hand, the 30-share Sensex of the Bombay Stock Exchange closed at 51,598, up 237 points. The Nifty of the National Stock Exchange closed 57 points higher at 15,350. Earlier, the BSE Sensex opened 140 points higher at 53,500, while the NSE Nifty opened 25 points higher at 15,318. On Friday, the last trading day of last week, the stock market closed with a fall for the sixth consecutive day. The BSE Sensex ended 135 points lower at 51,360 while the NSE Nifty fell 67 points to 15,293.