The stock markets closed with gains on Monday. BSE’s 30-share index or Sensex closed at 52,574.46 points, up 230 points or 0.44 percent. Similarly, NSE Nifty also closed at the level of 15,746.50 points with a gain of 63.15 points or 0.40 percent. Adani Ports, NTPC, Titan, SBI, and Bajaj Finserv closed the most on Nifty. At the same time, the shares of UPL, Wipro, Tata Motors, Maruti, and Tech Mahindra saw the most breaks.
Auto and IT indices closed lower on NSE Nifty. On the other hand, all other sectoral indices closed with gains. Nifty PSU Bank closed with a jump of 4.11 percent and Nifty Reality 2.33 percent.
Sensex shares with gain
The highest jump of 3.87 percent was recorded in NTPC’s stock on Sensex. Apart from this, the shares of Titan, SBI, IndusInd Bank, Tata Steel closed with significant gains. Apart from these, HDFC, Bajaj Finserv, Ultratrch Cement, HUL, Kotak Mahindra Bank, Powergrid, Asian Paints, HDFC Bank, Reliance Industries, HCL Tech, Sun Pharma, Bajaj Finance, Axis Bank, Dr Reddy’s, Bajaj Auto, ICICI Bank, and ITC Stocks closed in green.
Shares of Adani Green, Adani Transmission and Adani Total Gas closed with a jump of five per cent each. Similarly, shares of Adani Enterprises closed with 3.53 per cent, Adani Ports with 5.29 per cent and Adani Power shares with 4.96 per cent.
Shares with red closing
Shares of Tech Mahindra closed with a fall of 0.82 percent. Similarly, shares of Maruti, TCS, L&T, M&M, Infosys, Nestle India, and ITC closed in the red.
Reason behind this uptrend
Vinod Nair said, “Domestic stock markets opened with a weak trend due to the monetary policy impact of the US Fed Reserve. But as the PM’s announcement of free vaccination to all citizens set the expectation of economic recovery, the stock markets came out of the lower level and closed with a green mark. The PSU bank was the top performer in the sectoral index after the government reported that the Central Bank of India and Indian Overseas Bank were selected for privatization.