New Delhi, July 16(HS): The domestic stock market concluded with modest gains, aided by a rebound in the second trading session. Initially, trading commenced flat, but selling pressure led to declines in both Sensex and Nifty indices. Buying activity that emerged just before noon facilitated a recovery, pushing the market into positive territory. By the close, the Sensex rose by 0.08 percent, with Nifty gaining 0.06 percent. Continuous buying was noted in sectors such as IT, PSU banks, and automobiles, while FMCG, real estate, consumer durables, oil and gas, and tech sectors also registered gains. Conversely, public sector enterprises, metals, pharmaceuticals, and capital goods faced downward pressure.

The broader market mirrored this trend; the BSE midcap index climbed by 0.10 percent, while the smallcap index increased by 0.28 percent. As a result, stock market investors saw their wealth rise by approximately ₹80,000 crores, with the BSE market capitalization reaching ₹461.13 lakh crores, up from ₹460.33 lakh crores the previous day.

On the BSE, 4,218 shares were actively traded, with 2,338 closing higher, 1,718 declining, and 162 unchanged. The NSE saw 2,657 shares traded, with 1,513 gaining and 1,144 losing. Among the Sensex stocks, 14 rose while 16 fell; in Nifty, 21 gained and 29 lost.

The BSE Sensex began the day at 82,534.66 points, initially dropping to 82,342.94 points before a late-morning buying frenzy saw it rise to 82,784.75 points. Profit booking led to a slight pullback, closing the index up by 63.57 points at 82,634.48 points. Likewise, the Nifty opened at 25,196.60 points but fell to 25,121.05 points before climbing to 25,255.30 points post-buying, ultimately closing up by 16.25 points at 25,212.05 points.

Top gainers included Mahindra & Mahindra, Wipro, State Bank of India, Tech Mahindra, and Nestle, whereas Shriram Finance, Eternal, Sun Pharmaceuticals, Tata Steel, and Cipla were among the day’s largest losers.

Hindusthan Samachar / Jun Sarkar