Healthy Q2 results’ expectation lift equities; Nifty50 breaches 18K-mark
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
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 relief package announcements appeared falling short of meeting market expectations on any demand side reforms.
Among the Sensex pack, Axis Bank was the top gainer, surging around 7 per cent, followed by Ultratech Cement, L&T, ICICI Bank, SBI, M&M and Bajaj Finance.
Other gainers on the BSE chart included PowerGrid, ONGC and Reliance Industries were among the major gainers.
1. Bharti Airtel and Sun Pharma were the gainers in the BSE index. 2. HDFC twins, ICICI Bank, Infy and RIL lead the market losers.
The stock markets reacted to the news and rallied to make some severe gains, thus leaving the benchmark S&P BSE Sensex to end at 32,588.72 up by 986 points.
