Share Market Highlights: The Indian stock market closed in the green in Friday’s trading session. At the end of the day, Sensex was at 83,570.35, up 187.64 points or 0.23 per cent, and Nifty was at 25,694.35, up 28.75 points or 0.11 per cent. IT and banking stocks led the market’s rise. Nifty Bank was at 60,095.15, up 515 points or 0.86 per cent. The Nifty IT index was up 1,263.95 points or 3.34 per cent at 39,086.65.
Apart from this, there was a rise in Services, Realty, Oil & Gas, Financial Services and Commodity indices. On the other hand, Pharma, Healthcare, Consumer Durables, Energy, Consumption and Metal were in the red. There was mixed trading in midcap and smallcap. The Nifty Midcap 100 index was at 59,867.80 with a gain of 97.30 points or 0.16 per cent and the Nifty Smallcap 100 index was at 17,362.30 with a weakness of 48.55 points or 0.28 per cent.
Today’s Top Gainers and Losers
Infosys, Tech Mahindra, HCL Tech, SBI, UltraTech Cement, HDFC Bank, Bajaj Finance, TCS, M&M, HUL and Bajaj Finserv were among the gainers in the Sensex pack. Eternal, Asian Paints, BEL, Sun Pharma, Maruti Suzuki, ITC, Trent, NTPC, Titan, Kotak Mahindra Bank, Tata Steel and ICICI Bank were the losers.
Sharp rise seen in IT shares
Sudeep Shah, Head of Technical and Derivatives, SBI Securities, said that today’s session has been full of ups and downs for the Indian stock market. The rise in IT stocks has been seen due to the rise in Infosys and Tech Mahindra. He further said that the area of 25,600 to 25,550 is a strong support zone for Nifty. If the index slips below this level, it could go up to 25,400. In case of bullish momentum, 25,850-25,900 levels are a strong resistance zone.
In the last hour, major benchmark indices were trading with gains. Sensex was up 225 points at around 83,608. Nifty was trading at 25,701, up 30 points. There was a strong rise in Bank Nifty. The index was up 500 points at around 60,084.
Market starts in green mark
indian stock market Opened in green with bullish momentum. During this period, the main benchmark of the domestic market, BSE Sensex, opened with a rise of 200 points or 0.30 percent at 83,670, while NSE Nifty opened with a gain of 33.45 (0.13 percent) points at 25,696.05.
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