Sensex Ends 237 Points Higher In See-Saw Trade, Nifty Holds 15,350

Sensex and Nifty settled on a higher note today in volatile trade.

New Delhi:

Indian equity benchmarks on Monday settled higher in volatile trade as gains in consumer goods, financial and technology stocks countered losses in metal, energy and automobile. The domestic indices turned positive after witnessing losses for six straight sessions but fluctuated between gains and losses throughout the day.

The 30-share BSE Sensex rose 237 points or 0.46 per cent to close at 51,598 today, while the broader NSE Nifty moved 57 points or 0.37 per cent up to settle at 15,350.

However, mid- and small-cap shares finished on a weak note as Nifty Midcap 100 fell 2.26 per cent lower and small-cap slumped 3.20 per cent.

Seven out of the 15 sector gauges — compiled by the National Stock Exchange — settled in the green. Sub-indexes Nifty FMCG, Nifty IT and Financial Services outperformed the platform by rising as much as 1.80 per cent, 0.87 per cent and 0.96 per cent, respectively. While Nifty Metal, Nifty Oil & Gas and Nifty Auto cracked as much as 3.90 per cent, 3.26 per cent and 0.70 per cent each.

On the stock-specific front, HDFC was the top Nifty gainer as the stock soared 3.93 per cent to Rs 2,133.35. Hindustan Unilever, Britannia, Wipro and Asian Paints were also among the gainers.

Though, the overall market breadth stood negative as 701 shares advanced while 2,714 declined on BSE.

On the 30-share BSE index, HUL, HDFC, UltraTech Cement, Asian Paints, HDFC Bank, Wipro, Infosys, Sun Pharma, Titan, Nestle India, Tech Mahindra and Bajaj Finance were among the top gainers.

Also, shares of Life Insurance Corporation of India (LIC), the country’s biggest insurer and largest domestic financial investor, jumped 1 per cent to close at Rs 661.25. During the day, the stock slipped to an all-time low of Rs 650 before settling higher.

In contrast, Tata Steel, IndusInd Bank, Reliance Industries, M&M, NTPC, SBI, Axis Bank, L&T, PowerGrid and Maruti finished in the red.

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