Business: After witnessing huge fluctuations, the Indian stock market has closed with a great gain due to the great rise in the shares of Bajaj Twins and Reliance. Earlier in the day's trading, Sensex-Nifty had reached an all-time high. Buying in FMCG, energy and IT stocks has also supported the market. At the close of the market today, the BSE Sensex closed at 82,134 points with a jump of 350 points, while the National Stock Exchange's Nifty closed at 25,152 points with a gain of 99.60 points.
Rising and falling stocks
Out of the 30 shares of Sensex, 21 stocks closed with gains and 9 closed with losses. Whereas, out of the 50 shares of Nifty, 29 stocks closed with gains, 20 closed with losses and one stock closed flat. Reliance has announced to give bonus shares to the investors, for which the company's board meeting will be held on September 5. Due to this news, Reliance stock closed with a jump of 1.64 percent at Rs 3045. Apart from this, Tata Motors closed with a jump of 3.57 percent, Bajaj Finserv 2.57 percent, Bajaj Finance 2.41 percent, HCL Tech 1.72 percent, ITC 1.66 percent, Tech Mahindra 1.39 percent, Maruti 0.83 percent. While Mahindra & Mahindra closed down by 1.11 per cent, Sun Pharma by 0.82 per cent, JSW by 0.73 per cent, Kotak Mahindra by 0.68 per cent, Tata Steel by 0.46 per cent, Infosys by 0.35 per cent.
Decline in market cap
Despite the great rise in the stock market, there has been a slight decline in the market cap due to the fall in mid-cap and small-cap stocks. The market cap of the stocks listed on BSE closed at Rs 462.66 lakh crore, which closed at Rs 463.03 lakh crore in the last session. In today's session, the market cap has decreased by Rs 37,000 crore.
Sectorol Update
In today's trade, FMCG, energy, auto, IT, oil and gas, consumer durables and infra stocks have seen a great rise. While healthcare, pharma, metals, real estate stocks closed with a fall. Mid-cap and small-cap stocks have also seen a decline in today's session.
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