Sensex gains by over 1 per cent; RIL, HDFC Bank and TCS are top index contributors

Sensex gains by over 1 per cent; RIL, HDFC Bank and TCS are top index contributors

Geyatee Deshpande
/ Categories: Trending, DSIJ News

Continuing gains for the fourth consecutive trading session, domestic benchmark indices closed with Sensex at 36,487.28 that is 456.86 points or 1.29 per cent higher than its previous close while Nifty rose by 156.30 points or 1.47 per cent to close at 10,763.65.

Responding to positive global cues and following optimism about vaccine research, domestic markets inched up during today's trading session. Investors' confidence was boosted with higher hopes of economic recovery with recent economic data showing that economic activity is stabilizing on month-on-month basis with auto sales especially of two-wheeler and tractors, depicting a revival of the rural economy. The Markit Manufacturing PMI was much above the consensus of 37.5 to 47.2 in June from 30.8 the previous month.

On Monday, Chinese markets witnessed a surge allowing bulls to be in charge as the country is currently less affected by Coronavirus and is riding the hope that the central bank will further ease out and create more credit and monetary expansions. Shanghai index was witnessed soaring by 5.71 per cent. As a result of the much needed confidence in Asian markets, other regional indices such as Hang Seng, Nikkei and KOSPI jumped by 3.81 per cent, 1.83 per cent and 1.65 per cent respectively. European indices such as FTSE 100, DAX and CAC 40 opened higher by 2.02 per cent, 1.91 per cent and 1.85 per cent respectively.

Sensex winners included Mahindra & Mahindra rallying by 7.58 per cent, Bajaj Finance soaring by 6.04 per cent, RIL gaining by 3.57 per cent, Maruti Suzuki increasing by 3.24 per cent, TCS rising by 2.91 per cent, HDFC Bank up by 2.68 per cent, Tata Steel gaining by 2.67 per cent, etc. Sensex losers comprised Bajaj Auto dropping by 1.29 per cent, HDFC declining by 0.90 per cent, Bharti Airtel decreasing by 0.79 per cent, HUL dipping by 0.48 per cent and HCL Technologies down by 0.17 per cent.

Amidst sectoral gainers on BSE, the biggest gainer was Energy index, up by 2.97 per cent followed by Realty index, Auto index and Metal index increasing by 2.95 per cent, 2.93 per cent and 2.56 per cent respectively. BSE small-cap index rose by 1.30 per cent and BSE mid-cap index gained by 1.27 per cent.

Market Snapshot

NSE

No. of Stocks

No. of stocks (%)

Advances

1,113

58.21

Declines

715

37.40

Unchanged

84

4.39

Total

1,912

100

 

Indices Performance

Indices  

Price

Change

% Change

S&P BSE SENSEX

36,487.28

465.86

1.29

S&P BSE 100

10,836.82

129.26

1.21

S&P BSE 200

4,530.61

54.15

1.21

S&P BSE 500

13,967.84

169.28

1.23

 

Sectoral Indices  

Price

Change

% Change

BSE Healthcare

16,313.52

-30.54

-0.19

BSE FMCG

11,335.78

-93.47

-0.82

BSE Capital Goods

13,338.40

228.98

1.75

BSE TECK

7,926.35

64.1

0.82

BSE Information Technology

15,663.09

182.26

1.18

 

BSE 200 Top Gainers

Stock

Price

Change

% Change

Bharat Heavy Electricals

43.55

4.9

12.68

Mahindra & Mahindra

570.5

40.2

7.58

SRF

3880

236.1

6.48

Bajaj Finance

3109.05

177.2

6.04

Hindalco Industries

154.35

8

5.47

 

BSE 200 Top Losers

Stock

Price

Change

% Change

Future Retail

129.75

-6.8

-4.98

Edelweiss Financial Services

58.1

-2.4

-3.97

Lupin

875.65

-23.7

-2.64

Sanofi India

7596.65

-200.95

-2.58

Vodafone Idea

9.82

-0.21

-2.09

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