Market Roundup: Bulls outmuscle bears to end on top; Britannia biggest gainer, PSU Banks best performing index
On Nifty 50, top gainers were Britannia Industries, SBI and BPCL. The FMCG major Britannia closed with 8 per cent gains. Divis Lab was the worst loser and was down over 8 per cent followed by Asian Paints, Cipla and Sun Pharmaceuticals
In a day filled with ups and downs, bulls regained control of the Street and managed a positive ending on Monday. After opening positively, benchmark indices narrowed gains and later dropped in the red. The recovery over the last hour helped them end the finish line on a positive note. BSE Sensex ended at 61,185.15, up by nearly 234.79 points or 0.39 per cent. Meanwhile, Nifty50 closed at 18,202.80, up by 85.65 points 0.47 per cent.
In the 30-stock Sensex, 19 stocks settled positively against 11 losers. Meanwhile, there were 34 advances against 29 declines and one stock remained unchanged.
The session was relatively volatile than Friday as India VIX closed at 15.59, down 0.44 per cent. It was up nearly 3 per cent intraday.
Out of the 15 sectoral indices, PSU bank were the clear winners today with Nifty PSU Bank gaining almost 4 per cent. Nifty bank, Nifty Auto, Nifty Realty and Nifty Oil & Gas were also in the green and ended with over 1 per cent gains, each. The top laggards were pharma and healthcare stocks as both Nifty Pharma and Nifty Healthcare Index were the worst performing indices.
On Nifty 50, top gainers were Britannia Industries, SBI and BPCL. The FMCG major Britannia closed with 8 per cent gains. Divi's Lab was the worst loser and was down over 8 per cent followed by Asian Paints, Cipla and Sun Pharmaceuticals.
Broader markets also witnessed significant action. NIFTY MID CAP 100 closed 31,963.60, up 0.81 per cent while, NIFTY SMALLCAP 100 settled at 9,836.30, up 0.83 per cent,
Rupee was trading with strength around this time and that was reflected in USDINR futures which were down Rs 0.3875 or 0.20 per cent and trading at 82.0575 minutes before the equity markets closing time. The currency markets close at 5 pm.
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