Friday, December 3, 2021

Sensex closes 612 points higher, Nifty ends at 15,108; Led by Auto, IT and Metal stocks

Indian equity market outperformed the second day in a row and ended with robust gains on Tuesday. Auto, IT, Metal were the top index contributors on the Tuesday market rally, as investors tracking global markets and amid a steady drop in covid-19 cases seen in the country. M&M, Bajaj Auto, Titan, Bajaj Finance, and HDFC Bank were among the top Sensex gainers, while Bharti Airtel, ITC, Dr Reddy’s Lab, SBI, and Hindustan Unilever were laggards.

Market Overview

The BSE Sensex and Nifty 50 both gained 1.24 per cent respectively. The Sensex of the Bombay Stock Exchange closed above the 50,150 level while Nifty50 of the National Stock Exchange crossed the 15,100 level. The Sensex gained 612 points to trade at 50,193 and the Nifty50 rose by 184 points to trade at 15,108.

Nifty50 Index

In Nifty50 shares, 40 shares out of 50 companies closed on the green side of the market. M&M is the top performer as it gained 5.86 per cent, followed by Bajaj Auto which rose by 5.25 per cent, Titan Company surged 4.89 per cent, Bajaj Finance, Tata Motors and Eicher Motors also closed on the green side of the market. On the other hand, 10 stocks out of 50 Nifty50 shares closed on the red side. Bharti Airtel declined 2.41per cent and ITC plunged 1.20 per cent. Coal India, Dr Reddys Lab, Divis Lab also declined and closed on the red side of the market.

Small-cap and Mid-cap Indices

Small-cap and Mid-cap also saw positive demand. The Nifty Midcap-100 index gained 1.83 per cent and the Nifty Smallcap-100 index surged 1.59 per cent. In Nifty Midcap 100, MRPL gained 8.95 per cent, Ashok Leyland rose 6.54 per cent, Indian Hotels, Jubilant Food and Adani Power also surged, while Canara Bank, Union Bank and Ajanta Pharma declined. In Nifty Smallcap 100, KEI Industries gained 14.04 per cent. On the other hand, Persistent fell 3.04 per cent, Ircon International, GNFC, Sun Pharma Advance declined.

Sectoral Indices

In NSE sectoral indices, 14 out of 17 sectors surged. The Nifty Auto surged more than 3 per cent, NSE Energy rose 1.88 per cent, Nifty Media gained 1.68 per cent, while Nifty PSU Bank, Pharma and FMCG closed on the red side.

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