Stock market closed in green, Sensex jumped 98 points, strong listing of Bajaj Housing Finance

Indian stocks closed in the green on Monday, the first trading day of the week. The BSE Sensex jumped 97.84 points to close at 82,988.78 points. Similarly, the NSE Nifty also rose 27.25 points to reach 25,383.75 points. Today, Bajaj Housing Finance’s IPO got a strong listing. Let us tell you that the share price of Bajaj Housing Finance made a great start in the stock market today. The share of Bajaj Housing Finance opened at ₹ 150 per share on NSE and BSE, which is 114.29% higher than the issue price of ₹ 70. After this, the stock registered further growth, and an upper circuit was hit. The stock closed at Rs 165, jumping 135.71%. 

Buying by foreign investors and the rise in US markets supported the Indian market. Among the Sensex companies, NTPC, Axis Bank, Tata Steel, JSW Steel, Kotak Mahindra Bank, Larsen & Toubro and ICICI Bank were the top gainers. On the other hand, Hindustan Unilever, Nestle, ICICI Bank, and Tata Consultancy Services closed in the red. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 2,364.82 crore on Friday. Global oil benchmark Brent crude was trading 0.07 percent higher at $71.66 per barrel.

Adani Green jumps 7.59 percent.

Adani Group stocks witnessed a tremendous rise in the trading session. Adani Green jumped 7.59 percent to close at 1,924. At the same time, Adani Power closed at 668 with a gain of 5.45 percent. Apart from this, Adani Enterprises and Adani Wilmar closed with a gain of half a percent each. Buying was also seen in midcap and smallcap stocks. The Nifty Midcap 100 index was up 225 points or 0.38 percent at 60,259 and the Nifty Smallcap 100 index was up 31 points or 0.16 percent at 19,537. Sector-wise, metal, realty, energy, commodity, and infra indices closed in the green and IT, PSU banks, FMCG, and pharma closed in the red.

Rupak De, Senior Technical Advisor, LKP Securities, says that the market traded in a limited range. 25,150 and 25,200 are important support zones for Nifty. At the same time, 25,460 to 25,500 is a resistance level. If a breakout is obtained from here, then a boom can be seen.