Boom in market for fourth day


Mumbai: The stock market is closed for the fourth consecutive day. At the end of the turnover, BSE’s 30-share index Sensex closed at 37754.89 with a marginal increase of 2.72 points i.e. 0.01 per cent. On the other hand, NSE’s 50-share index Nifty closed 1.55 points, i.e. 0.01 percent, at 11343.25 level.
Bank Nifty managed to close at record high on the strength of buying in bank shares. Bank Nifty today closed up 39 points at 28923. Mid-cap stocks also saw the purchase. The mid-cap index closed 15 points higher at 17,749.

In today’s turnover, IOC, Gayle Coal India, Sun Pharma, NTPC and IndusInd Bank were the biggest gainers while UltraTech Cement, Tata Motors, Power Grid and HCL Tech saw the worst decline. Purchases were seen in oil, gas, realty, metal and telecom stocks. BSE’s oil and gas index closed 0.32 per cent, realty index 2 per cent and telecom index increased by 0.51 per cent.
However, today’s business has seen weakness in IT, auto and PSU bank stocks. Nifty’s IT index closed today with 0.54 per cent, auto index 0.48 per cent and PSU Bank Index down 0.29 per cent.