Stock market extends winning streak, Nifty inches closer to 26,000
At the close, the Sensex was up 208.17 points, or 0.25 per cent, at 84,273.92, and the Nifty was up 67.85 points, or 0.26 per cent, at 25,935.15.
At the close, the Sensex was up 208.17 points, or 0.25 per cent, at 84,273.92, and the Nifty was up 67.85 points, or 0.26 per cent, at 25,935.15.
Sensex closed 34.09 points or 0.05% higher at 72,152, and the Nifty shut shop 1.10 points or 0.01% up at 21,930. About 1,927 shares advanced, 1,329 declined, and 75 remained unchanged.
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
The domestic market declined in line with the Asian stocks over concerns of rising cases of Delta variant of Covid-19 and its impact on the global economy.
The top gainers on the Sensex were UltraTech Cement, HDFC Bank, and Bajaj Finance, while the only losers were ICICI Bank, Titan Company, Kotak Mahindra Bank, and ITC.
The Indian stock market rose in line with the Asian indices. Healthy buying was witnessed in metal, finance and banking stocks.
Trading at the Nifty50 was halted at 11:40 a.m. and resumed only at 3:30 p.m. after a glitch resulted in stopping of rate updates.
The 'India Strategy Report' noted that in the first leg of the up move from 7,600 to 10,000, Reliance Industries, along with pharma and auto stocks, led the gains.
Around 9.50 a.m., it was trading at 50,062.58, higher by 270.46 points or 0.54 per cent from its previous close of 49,792.12.
The report said that Nifty50 on the National Stock Exchange (NSE) continues to add consumer names.
