Share Market Close: The stock market closed with strength today. On Monday, the first day of the first trading week of this month, the 30-stock Sensex of BSE closed at 52,950.63 with a gain of 363.79 points. At the same time, NSE’s Nifty ended today’s trading at the level of 15,885.15 with a gain of 122.10 points. During this, 37 stocks in Nifty 50 closed on green and 13 on red mark. In the Sensex, 19 stocks closed with losses and 11 gains. Whereas, shares of 21 companies of Nifty 50 closed on the green mark and 8 on the red mark. There was no change in one.
If we talk about sectoral indices, then Nifty IT, Media, Metal, Pharma, PSU Bank, Nifty Bank, Nifty Financial Services, Private Bank all closed with gains. On the other hand, if we talk about Nifty Top Gainer, Titan closed with a rise of 3.58 percent, Shree Cement 3.52, BPCL 3.05, Adani Ports 2.93 and Eicher Motors 2.89 percent. While UPL, Tata Steel, Bajaj Finserv, Bajaj Finance and Tech Mahindra were among the top losers. On the other hand, Bank Nifty gained 125 points and Nifty Financial Services gained 70 points today. Nifty Mid Cap and Small Cap indices also closed on the green mark today.
Virodhi Modi, Head of Strategy, Reliance Securities, said a positive trend in global equity markets and a rise in vehicle stocks supported the Nifty. Besides, a rally in financial, IT and pharmaceutical companies also supported the market, he added. Shares of realty companies remained strong after a sharp rise in property registrations in Mumbai in July. On the other hand, shares of original equipment makers rose on the back of increase in vehicle sales. Among other markets in Asia, Shanghai, Seoul, Tokyo and Hong Kong were among the gainers. Major markets in Europe also saw a sharp trend in mid-day trade. Meanwhile, international oil benchmark Brent crude fell 1.35 per cent to $74.39 a barrel.
The stock market has made a great start to the first trading day of the month of August. BSE’s 30-stock key sensitive index Sensex opened at 52,901.28 with a jump of 314.44 points on Monday. At the same time, the Nifty of the National Stock Exchange also opened at the level with an increase.