Market begins week on strong note hitting fresh all-time high

New Delhi, Dec 1 (UNI) The Indian stock market began the week on a strong note, hitting fresh all-time high in the opening trade on Monday.

At close, the Sensex was down 64.77 points or 0.08 per cent at 85,641.90, and the Nifty was down 27.20 points or 0.10 per cent at 26,175.75.

BSE Midcap and smallcap indices ended flat as the BSE Midcap index fell 0.19 per cent but the Smallcap index rose by 0.05 per cent.

The overall market capitalisation of BSE-listed firms remained largely unchanged at Rs 474 lakh crore.

Among the sectors, after hitting a record high of 60,114.30, Nifty Bank slipped by 0.12 per cent to end at 59,681.35. Nifty Financial Services closed with a loss of 0.27 per cent. Nifty Realty and Healthcare indices fell by a per cent each.

The Nifty Auto index rose by 0.79 per cent, while the Metal index rose by 0.58 per cent.

Banking and financial majors, including HDFC Bank, Bajaj Finance and SBI, ended among the top drags on the key indices.

The top gainers on Nifty50 were UltraTech Cement up by 3.56 per cent, Tata Motors Passenger Vehicles up by 1.88 per cent and Maruti Suzuki India up by 1.42 per cent.

On the other hand, as many as 25 stocks ended lower with Max Healthcare Institute (2.67 per cent), InterGlobe Aviation (2.19 per cent) and Bajaj Finance (1.71 per cent) ended as the top losers.

Out of 4,455 stocks traded on the BSE, 1,836 advanced, while 2,405 declined. Some 214 stocks remained unchanged.

151 stocks hit their 52-week highs while 197 stocks hit their 52-week lows in intraday trade on the BSE.

Those on the highs were Mahindra and Mahindra, Adani Ports, Bank of Baroda, Hero MotoCorp, and Vedanta.

United Breweries, Trent, Page Industries, Deepak Nitrite, and SJVN were among the stocks that hit their lows.

The Indian rupee slid to a record low of 89.7575 during the session before closing at 89.5475, down 0.1 per cent on the day.

Shares of Fintech giant, Paytm, witnessed renewed buying interest, closing 3.6 per cent higher at Rs 1,368 apiece. During intraday trade, the stock touched a four-year high of Rs 1,371.

Auto stocks such as Hyundai Motor India, Force Motors, Tata Motors Passenger Vehicles, and Hero MotoCorp also rallied over 2 per cent.

 

 

Leave a Reply