Tracking Their Global Peers, Indian Equity Indices Snapped Two-day Fall
Markets started the week on a volatile note and settled with modest gains. After the initial uptick, Nifty inched gradually higher but profit-taking in the final hours trimmed the gains.
Even as a drop in information technology (IT) stocks on US rate concerns capped gains, the 30-share BSE benchmark Sensex surged 110 points or 0.17 per cent to settle at 64,996, led by banking, financial and auto stocks.
The broader NSE Nifty rose 64.25 points or 0.33 per cent to end at 19,314. From the Sensex pack, L&T and M&M were the top gainers, rising over 2 per cent. HDFC Bank, Sun Pharma, Maruti Kotak Bank and IndusInd Bank closed with gains. On the other hand, Reliance Industries which fell 1.38 per cent, and Jio Financial Services which declined 0.97 per cent, remained the top laggards.
In the broader market, Nifty Midcap100 gained 0.50 per cent, and Smallcap100 advanced 0.74 per cent. Meanwhile, sectorally, banks, financial, auto, pharma, media, metal, realty and healthcare closed higher.
The market capitalisation of all listed companies on BSE surged by Rs 1.01 lakh crore to Rs 307.85 lakh crore. The market breadth was skewed in favour of the bulls. About 1676 stocks declined, 2066 gained, and 165 remained unchanged on the BSE.
FII and FPIs, on Friday, saw net sales of Rs 1393 crore in the cash segment. A total of Rs 11,628.66 crore was sold against a total purchase of Rs 10,235.41 crore. Domestic institutional investors saw a net purchase of Rs 1,264.01 crore in the cash segment. A total of Rs 6,447.27 crore was sold against a total purchase of Rs 7,711.28 crore.
