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Stock Market Report: Bullish Trends Mark Start of the Trading Week
The share market commenced the trading week with a bullish note, showing significant gains in the stock market on the first business day. Today, the Sensex surged by 267.43 points, or 0.41%, closing at a level of 65,216.09. Furthermore, the Nifty index also displayed a positive trend, closing at 19,393.60 with a gain of 83.45 points, equivalent to 0.43%. Notably, today marked the listing of Mukesh Ambani’s company, Jio Financial Services (JFS), in the market. Following the listing, the company’s shares experienced a decline of up to 5%.
Stocks Tumble for Companies, Including Reliance
Among the top 30 shares of the Sensex, 7 companies witnessed a decline in their stocks today out of a total of 30. Jio Financial Services faced the steepest decline in share value today, with a drop of 5%. Additionally, stocks of companies like Reliance, M&M, Maruti, SBI, Ultra Chemical, and HDFC Bank also closed lower.
Bajaj Finance Records 3% Surge
In the list of gainers, 23 companies’ stocks were featured in the evening session. Bajaj Finance emerged as the top gainer with a notable increase of 2.7%. Other notable gainers included IndusInd Bank, Bharti Airtel, NTPC, Infosys, Bajaj Finserv, Infosys, Nestle India, TCS, Axis Bank, Titan, Tata Steel, LT, JSW Steel, Tata Motors, Asian Paints, Vipro, Kotak Bank, Tech Mahindra, ICICI Bank, and HCL Tech.
Mixed Performance Across Sectors
The sectoral indices exhibited mixed performance today. Nifty Oil & Gas, PSU Banks, and the Media sector observed a decline. On the flip side, Nifty Bank, Auto, Financial Services, FMCG, IT, Metal, Pharma, Private Banks, Realty, Healthcare, and Consumer Durables sectors concluded the day with positive gains. This diverse performance signifies an eventful start to the trading week, capturing the attention of investors and traders alike.
