Sensex Close Above 40,500 points, Nifty Nearing 12,000 levels

The Indian benchmark indices closed Friday and the week on a high. The BSE Sensex has managed to close above the crucial 40,500 levels while the NSE Nifty folded the day just short of 12,000 points. The gains in the indices were led by IT, banking and infrastructures. Pharma, auto and FMCG sectors witnessed selling. 

The S&P BSE Sensex closed Friday at 40,509.49 points. It advanced by 0.81% or 326.92 points over the day. Fifteen of the thirty stocks constituting the Sensex index closed the day in the green while the remaining folded in the red. The gains in the index were led by the banking stocks of ICICI Bank, Axis Bank, SBI, and HDFC Bank as their share price of 3.64%, 3.64%, 3.52%, and 3.51% respectively. 

Larsen & Toubro, ONGC, Infosys, IndusInd Bank, HCL Tech, followed with their share prices expanding by 3.10%, 2.70%, 1.24%, 0.90%, and 0.76% respectively. The other stocks to advance in the index are Bajaj Finserv, HDFC, NTPC, ITC, Bharti Airtel, and Titian Company. Their share price surged by 0.73%, 0.46%, 0.42%, 0.39%, 0.15%, and 0.05% respectively.

Also Read: Closing Bells: Indian Benchmark Indices Close Wednesday Over 0.65% Higher

Sun Pharma and Asian Paints emerged as the top losers in the index. Their share price went down by 2.08% and 1.92% respectively. Major players RIL and TCS saw their share price tank by 0.23% and 0.35% respectively. The auto stocks of Bajaj Auto and Maruti Suzuki closed the day 0.60% and 0.29% lower. 

The NSE Nifty 50 closed the day 0.67% or 79.60 points higher. It closed the week at 11,914.20 points. Wipro and ICICI Bank led the gains in Nifty with their share price jumping by 4.05% and 3.61% respectively. Grasim Inds and Hindalco Inds turned out to be the most significant losers with their share price being reduced by 3.28% and 2.44% respectively. 

For any clarifications/feedback on the topic, please contact the writer at vineeth.nc@cleartax.in

You May Also Like
Gold Jewellery

24K Gold Rate in India for October 2019: Week 3

The week commenced with the gold rate in India holding at Rs.38,300…

Is income tax applicable on Bonus Income?

Did you know that tax deductions don’t apply for the incentives and…

24K Gold Rate in India for July 2019: Week 5 (29 – 31)

Trading commenced for the final week with gold price in India holding…
Gold rate

24K Gold Rate in India for February 2020: Week 4

When trading opened for the week, 24K gold rate in India was…