Image Source: iStock
The Indian benchmark indices, NSE Nifty 50 and S&P BSE Sensex, closed the day over 0.30% higher. The gains in the widely followed cues were led by metal and realty stocks. The indices were volatile over the day as the banking and financial sectors were awaiting the decision on the waiver of interest for the moratorium period announced on term loans due to the COVID-19 pandemic.
The S&P BSE Sensex closed the day at 40,707.31 points. It advanced by 162.94 points or 0.40%. Twenty of the thirty stocks that constitute the Sensex index ended the day in the green, while the remaining ten tanked. PowerGrid and Bharti Airtel emerged as the top gainers in the index; their share price inched ahead by 4.13% and 5.31% respectively.
Also Read: Closing Bells: Sensex Close the Week Just Short of the 40,000 Levels
Tata Steel and NTPC followed them by gaining 3.04% and 2.11% respectively. Banking sector saw a positive sentiment as the share price of HDFC Bank, Kotak Bank, Axis Bank, ICICI Bank, IndusInd Bank, and SBI surged by 1.87%, 1.83%, 1.58%, 1.40%, 0.50%, and 0.42% respectively.
The gains in the index were curtailed by the majors—TCS and RIL with their share price losing 2.30% and 1.50% respectively. Financial stocks, Bajaj Finance and Bajaj Finserv, shed 0.88% and 0.75% respectively, while the tech stocks, Tech Mahindra and HCL Tech, collapsed by 0.57% and 1.06% respectively. Asian paints, M&M, Hindustan Unilever, and Nestle India are the other stocks that closed the day in the unfavourable terrain.
The NSE Nifty 50 advanced by 40.85 points or 0.34% over the day. It closed at 11,937.65 points. Thirty of the fifty stocks that form the Nifty index closed the day in green, while the remaining stocks ended in the red. PowerGrid gained the most in the index, while Britannia Industries turned out to be the most significant loser. India VIX, the volatility gauge, closed the day at 22.92 points. It added 0.23 points or 0.99% to its tally.
For any clarifications/feedback on the topic, please contact the writer at
Engineer by qualification, financial writer by choice. I am always open to learning new things.
The systematic investment plan (SIP) contribution in February 2024 has crossed a new milestone. The monthly contribution tipped at Rs…
The Income-Tax (I-T) Department has directed taxpayers to access the Annual Information Statement (AIS) via the e-filing official portal and…
Considering the vagaries of the stock market, investors often ponder over reevaluating their strategies. Whether to continue to remain invested…
Financial planning is beyond just investing wisely to save on taxes; it's also related to protecting oneself and one's loved…
A salaried individual earning up to Rs 5-15 lakh as net salary on an annual basis must first take stock…
Equity-linked savings schemes (ELSS), also referred to as tax-saving schemes, are equity funds that invest a significant portion of their…