Delhi, 21 May (H.S.): After three days of decline, buyers returned to the domestic stock market today, with the Sensex surpassing the 82,000 mark and Nifty crossing the 24,900 level before experiencing some selling pressure. Ultimately, the Sensex closed up by 0.51 percent, while Nifty rose by 0.52 percent.
Significant buying was noted in the realty, defense, and pharmaceutical sectors, while the banking, IT, automobile, capital goods, FMCG, oil and gas, public sector enterprise, tech, and metals indices also showed positive performance. In contrast, the consumer durables index faced a decline. The broader market remained robust, with the BSE midcap index gaining 0.90 percent and the smallcap index increasing by 0.51 percent.
Today’s market strength translated to a wealth increase of over ₹3 lakh crore for stock market investors. The market capitalization of companies listed on the BSE increased from ₹438.03 lakh crore to ₹441.06 lakh crore (provisional), indicating an approximate profit of ₹3.03 lakh crore for investors.
Throughout the trading day, 4,115 stocks were actively traded on the BSE, with 2,301 closing higher, 1,678 declining, and 136 remaining unchanged. On the NSE, trading was active in 2,558 stocks; 1,630 closed in the green, while 928 ended in the red. Among the 30 stocks in the Sensex, 24 finished higher and 6 lower. In the Nifty index, out of 50 stocks, 36 stocks ended positively, and 14 stocks recorded losses.
The BSE's Sensex opened today at 81,327.61 points, up by 141.17 points. An early surge in buying led the index to jump by 835.20 points to 82,021.64 points by 10:30 AM. However, profit booking ensued, causing a decline of nearly 800 points, bringing the index down to 81,237.06 points shortly after noon. Subsequently, buying momentum returned, allowing the Sensex to close at 81,596.63 points, a gain of 410.19 points.
Similarly, the NSE's Nifty began trading at 24,744.25 points, rising by 60.35 points. Following the market opening, strong buying support propelled the index up by 262.30 points to 24,946.20 points. Yet, profit booking led to a reduction of over 260 points from this peak, dropping it to 24,685.35 points. Before falling into the red, renewed buying activity helped the Nifty recover, resulting in a closing price of 24,813.45 points, up by 129.55 points.
Among leading blue-chip stocks, notable performers included Bharat Electronics, up 5.28%, Cipla gaining 1.93%, Tata Steel increasing by 1.86%, HDFC Life up by 1.69%, and Bajaj Finserv rising by 1.61%, marking them as today's top gainers. In contrast, IndusInd Bank saw a decline of 1.57%, JSW Steel fell by 1.17%, Kotak Mahindra dropped by 0.90%, Coal India decreased by 0.67%, and Power Grid Corporation fell by 0.59%, positioning them among the top losers of the day.
Overall, the market experienced volatility throughout the trading session, characterized by initial gains, profit booking, and a subsequent recovery supported by buying.
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Hindusthan Samachar / Jun Sarkar
