Closing Bell: Markets stage a comeback, Sensex gains 767 points, Nifty closes above 18100
5paisa Research Team
12th November 2021 - 04:50 pm
Indian equity markets snapped the three-day losing streak and ended higher on Friday.
Domestic benchmark indices broke the three-day losing streak on November 12, led by gains in industry heavyweights like Infosys, HDFC, Reliance Industries, Tech Mahindra, Larsen & Toubro, Bajaj Finance and Tata Consultancy Services. During today's trading session, the Sensex went up by 831 points at the day's highest level and the Nifty 50 index moved above its important psychological level of 18,100 ahead of retail inflation data due later in the day.
At the closing bell on Friday, the Sensex was up 767.00 points or 1.28% at 60,686.69, and the Nifty was up 229.20 points or 1.28% at 18,102.80. On the market breadth, around 1556 shares have advanced, 1628 shares declined, and 143 shares are unchanged.
Among the top gainers on the BSE were Tech Mahindra, Bajaj Finserve, Bharti Airtel, HDFC and Infosys. Top losers of the day include Bajaj Auto, Tata Steel, NTPC, Power Grid Corporation and Axis Bank.
On sectoral basis, IT, power, capital goods and realty rose by 1% each. In the broader markets, the BSE midcap and smallcap indices ended in the green.
The trending stock of the day was Fino Payments Bank, which made a weak stock market debut on Friday as the stock opened for trading at Rs 544 on the NSE as against its issue price of Rs 577 per share, marking a discount of nearly 6%.
In other news, October retail inflation report will be out at 5:30 pm today. The Reuters poll is forecasting it to likely hover near a six-month low, which would give the central bank room to stay pat on interest rates for now.
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Tanushree Jaiswal
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