Mumbai: The Indian market closed sharply higher for the third day in a row. The market remained bullish due to investor buying in Friday’s trading session. At the close of trading today, the BSE benchmark Sensex rose 303 points to 54,481 and the National Stock Exchange (NSE) Nifty closed 87 points higher at 16,220 points. The Sensex has gained 1500 points this week. Markets rallied as inflation worries eased amid weak oil prices. The Sensex is up 303.38 points, or 0.56%, at 54,481.84, while the Nifty is up 0.54% at 16,220.60. Markets closed higher for the third day in a row as inflation worries eased amid weak oil prices. The Sensex is up 303.38 points, or 0.56%, at 54,481.84, while the Nifty is up 0.54% at 16,220.60.
Decline in auto, metals, real estate, media stocks
The stock market saw declines in auto, metals, real estate, media stocks. While FMCG Oil & Gas, Energy, Banking, Pharma, Consumer Durables sectors saw strong buying. Mid-cap and small-cap stocks have also seen gains. Of the 50 stocks in the Nifty, 32 closed in the red zone, while 18 stocks declined. Of the 30 Sensex stocks, 20 closed in the green and 10 in the red. While most of the Nifty sectoral indicators were completed in the green zone. Metals and realty were behind then. Larsen & Toubro, Power Grid Corporation and NTPC were among the top gainers, followed by Tata Steel and Maruti Suzuki.
Rise in these stocks
Larsen 4.74 per cent, Power Grid 2.94 per cent, Tata Motors 2.48 per cent, NTPC 2.31 per cent, Coal India 2.04 per cent, SBI Life Insurance 1.98 per cent, ICICI Bank 1.85 per cent, Adani Ports 1.72 per cent, Axis Bank 6.7 per cent, Dr. Closed with an increase of 1.61 per cent.
The decline in these stocks
HDFC Life closed down 1.67 per cent, ONGC 1.62 per cent, Tata Steel 1.57 per cent, Maruti Suzuki 1.52 per cent, JSW 1.46 per cent, IndusInd Bank 1.44 per cent, BPCL 1.24 per cent, Hindalco, TCS 1.13 per cent and Close 1.13 per cent.