Share Market Closing Bell! Sensex, Nifty end on a positive note – IT stocks and Reliance Industries lead the surge

The Indian markets on Monday ended the session on a positive note, as the benchmark indices — Nifty closed above 17350 and Sensex near 58300, led by the index heavyweight Reliance Industries along with information and technology stocks today.

The BSE Sensex soared over 166 points or 0.3 per cent to 58296.9, while Nifty50 gained 54 points or 0.31 per cent to 17377.8 levels at the market close on Monday. While the mid-cap index following the benchmarks suite, also grew by 118 points or 0.4 per cent higher to 29178 levels at the close.   

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While Nifty Bank tried to drag the benchmark down as the index declined by over 186 points or 0.51 per cent to 36,575, mainly led by IndusInd Bank and Kotak Bank.            

Out of 50 scrips on Nifty50, 24 advanced, 26 declined, and at the market close on Monday. Three out of the top five gainers at the close are Wipro up around 5 per cent, HCL Tech up 2.5 per cent and Infosys gained around 2 per cent, followed by Reliance Industries and Hindalco surged over 1.5 per cent.

Other stocks that helped the market to end positive are Tech Mahindra, Grasim, Cipla, and Eicher Motors each soared over 1 per cent at the market close today.

On the contrary, Indian Oil Corporation and Indusind Bank tried to drag the market most, each declining by over 1 per cent, followed by ONGC, Britannia, and Kotak Bank each slumped by around 1 per cent in the positive market on Monday.

Almost all the sectoral indices closed in the green, except for the banking and financial stocks along with Nifty FMCG and Pharma indices on Monday. Nifty IT contributed most to the market's gain, whereas Nifty Bank, especially private lenders tried to drag the market most today at close.