Finance
By: Shree1news, 05 JUL 2021Market opened on a positive note on Monday, after a volatile week, as an across-the-board buying kept benchmarks parked near day’s high levels. Bucking the muted trend in the world markets, the Indian market rose over half a per cent higher amid strong gains in realty, banking, metals, and fertiliser stocks.
Among the frontline indices, the S&P BSE Sensex hit an intra-day high of 52,919 before settling at 52,880 levels, up 395 points or 0.75 per cent. On the NSE, the Nifty50 index gained 115 points, or 0.71 per cent, to close at 15,834 levels.
Moreover, in the broader markets, the BSE SmallCap index scaled fresh record peak of 25,809 in the intra-day trade however eased mildly to close at 25,790 levels, up 0.87 per cent. Individually, about 32 stocks including Route Mobile, TTK Prestige, Tata Elxsi, Tata Coffee, Tata Communications, PNC Infratech, CCL Products, Action Construction Equipment, Dollar Industries and JK Paper hit their respective record highs today.
In the MidCap space, the index ended 0.35 per cent higher at 22,585 levels.
In the meantime, shares of India Pesticides Ltd made a strong debut on the bourses as they got listed at Rs 360, commanding a 22 per cent premium over the issue price of Rs 296 on the BSE. Post listing, the stock extended its gains and moved higher to Rs 368, a 24 per cent jump against its issue price. The shares, however, witnessed mild profit booking at higher levels and closed at Rs 342 apiece on the BSE.
Sectorally, all, except the IT and Pharma indices, ended in the green. Of these, the Nifty Realty index was the top gainer, up nearly 3 per cent.
Source:A-N
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