Monday’s trading session saw the main equity indices close in the green. The BSE Sensex reached 68,863.93, up 2.05%, while the NSE Nifty 50 gained 418.90 points, or 2.07%, to end at 20,686.80. To close at 46,431.40, the Bank Nifty index increased by 1617.20 points, or 3.61%.
With advances led by large- and small-cap stocks, the overall indices concluded the day in positive territory. Among the sectors indices, oil and gas and banking stocks did better than media and pharmaceutical companies.
On the NSE Nifty 50, the top gainers were Eicher Motors, Adani Enterprises, Adani Ports & SEZ, BPCL, and ICICI Bank; the laggards were HDFC Life Insurance, Britannia Industries, HCL Technologies, Sun Pharma, and Wipro Company.
Following the current rise, markets saw pyrotechnics at the start of the week and gained two percent. Positive signals from home and strong international markets led to a gap start in the Nifty, which got stronger throughout the day. It ultimately came to a conclusion at 20684.80, the day’s high. Every industry took part in the shift, with financial giants making up the largest portion of the profits.
On the NSE Nifty 50, the top gainers were ICICI Bank, BPCL, Adani Enterprises, Adani Ports & SEZ, and Eicher Motors.
The week began with fireworks on the markets, which continued the overall upward trend by gaining two percent. A gap start in the Nifty was sparked by positive local indicators and strong international markets, and it grew stronger during the day. At 20684.80, the day’s peak, it finally came to an end. The shift involved all industries, with banking majors making up the largest portion of the gains.
In terms of the index, Nifty might take a break around the 20,750 mark, with the 20,300–20,400 mark serving as a safety net in case investors decide to take a profit. Our advice is to follow the trend and take advantage of a dip.
