With the help of buying in heavyweight stocks, the stock market has seen an increase for the third consecutive day today. In today’s business, the major indexes benefited from the sharp rise in giants like Reliance Industries and HDFC Bank. In the last trading session of the week, the Sensex gained 548 points to 37020 and the Nifty gained 162 points to close at 10902. Reliance Industries closed up 3.7 percent and HDFC Bank gained 3.46 percent. The Sensex has gained nearly 1000 points in the last 3 days.
During the business, stocks of the energy sector have seen the maximum boom. The index closed up over 4 per cent. The returns of the day for 8 out of 10 stocks in the index have been higher than the returns of the Nifty. BPCL closed with a gain of 12 per cent, while HPCL gained over 6 per cent. Tata Power, ONGC, Gas Authority and Reliance are up over 3.5%. With this, the banking sector index closed up 2.12 percent, the financial services sector index 2.3 percent, the auto sector index 1.8 percent and the metal sector index 1.7 percent.
Today’s business has seen a decline in the IT sector. The index closed down 0.3 percent. 10 to 6 stocks included in the index closed with a fall today. TCS closed at 1.2 per cent and Infosys by 0.6 per cent.
At the same time, mixed signals have been seen in the overseas markets. In today’s business, the markets of France and Japan have declined. On the other hand, China, Hong Kong, England and Germany markets have an upward trend. On the other hand, the markets of the US, Mexico and Brazil closed down in the last session.