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Stock market rises, Sensex rises 629 points

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The Indian stock market saw a bullish trend on Friday amid heavy buying of foreign funds amid the US debt crisis. Heavy gains by domestic and foreign funds were given to heavyweight stocks including Reliance, Tech Mahindra, Maruti, UltraTech. The BSE Sensex ended the day up 629 points at 62,502. Similarly, the NSE Nifty closed at 18,499.30, up 178 points.

Top Gainers (NSE)

company Closing Price (Rs.) increase (%)
Reliance Industries 2505.95 2.70
Sun Pharma 968.60 2.50
Hindustan Unilever 2654.80 2.22
Devi’s Laboratory 3510.45 2.18
Hindalco 413.05 2.18

According to market experts, the ongoing debt talks in the US are expected to end on a positive note. Due to this, the sentiment has been positive in most of the global markets. As a result, a positive trend has been seen in the markets of India as well. Apart from this, the market is getting support from the continuous investment inflow of foreign investors. If the level of 18,400 is broken in Nifty, negative sentiment will remain. Till then the market correction is likely to continue.

Top Losers (NSE)

company Closing Price (Rs.) Reduce (%)
ONGC 163.75 1.36
Grasim Industries 1688.30 0.77
Bajaj Auto 4615.95 0.60
Bharti Airtel 817.95 0.58
power grid 237.30 0.27

In today’s market, there was a lot of growth in the stocks of all the sectors. Good buying was seen in information technology, FMCG, pharma, metals and public sector banks. Top stocks like Reliance, Zee Entertainment, Wipro, Hindalco gained momentum. In comparison, there was selling pressure in stocks like ONGC, Grasim, Bharti Airtel, Power Grid.