Stock Market Updates: Opening after a three day break, the stock market witnessed some positivity today. Because of gains in the banking sector, especially ICICI Bank and Axis Bank, the market closed on a positive today. Auto stocks also witnessed a rise. With this, Indian benchmark indices ended in the green, taking cues from the global market.
Best Performing Stocks
Axis Bank gained 2.36 % and closed at ₹1,033.95. Investor confidence in banking stocks led to the rise.
Bajaj Finserv witnessed the rally and rose 3.59 % to close at ₹1,871.85. Some optimism in the financial sector seems the reason.
Mahindra & Mahindra (M&M) followed a decent 2.41 % growth and closed at ₹2,707.00. The strong demand in the auto segment led to this rise.
The gain in momentum in the financial stocks directed Bajaj Finance to increase by 1.91 % and close at ₹8,580.00.
Adani Ports ended at ₹1,137.20 with a growth of 1.63 %. The positivity in infrastructure supported this tide.
Other stocks that witnessed profits are-
Dr Reddy’s Laboratories
Varun Beverages
SBI Life Insurance Company
ICICI Lombard
Trent
JSW Energy
Adani Green Energy
Godrej Consumer Products
Cipla Limited
Coal India

Top Losers
Asian Paints dropped 0.50 % and closed at ₹2,219.80. Higher raw material costs brought down the value.
Reliance Industries fell 0.56 % and remained at ₹1,240.40.
State Bank of India dipped towards the end by 0.69 %
Nestlé India declined 0.76 % and closed at ₹2,175.30. Over-input cost inflation seems a concern.
ITC fell by 0.98 % to ₹407.80 as investors locked in profits.

The strong financial sector and optimism in banking and auto helped the stock market gain momentum.

Also Read:Hyderabad Top 7 Couple-Friendly Hangout Spots!

Share

• 
• 
• 
• 
• 
•