Recovery in the market, closed with the edge

nifty plus

Mumbai: The sharp decline in the market on Thursday, the markets closed at the same pace on the last day of the week and the market closed with seven percent increase. Sensex and Nifty climb more than 2% BSE’s 30-share index Sensex closed at 34733 levels, up by 732 points, which is 2.2 percent. On the other hand, NSE’s 50-share index Nifty closed at 234, which is 2.3 percent, at 10,472.5 level.

Midcap and smallcap stocks have also seen strong purchases. BSE’s mid-cap index has closed nearly 2.5 percent, while the mid-cap index of the Nifty has seen an increase of nearly 3 percent. BSE’s smallcap index closed more than 2.5 percent.

Good buying was seen in auto, FMCG, metal, banking, realty, consumer durables, capital goods, power and oil and gas stocks. Bank Nifty rose 2.5 percent and closed close to 25,400. However, there was pressure in IT stocks. Nifty’s IT index closed down 1 percent.

In the giants, Eicher Motors, Maruti Suzuki, Bajaj Finance, Mahindra & Mahindra, HPCL, Kotak Mahindra Bank, Coal India and Bajaj Auto have climbed up by 7-4.4 per cent. However, TCS, HCL Tech, Dr Reddy’s and Tech Mahindra have fallen down 3.1-0.25 per cent in the giants.

In the mid-cap stocks, Tata Power, Reliance Infra, Adani Power, Reliance Capital and Reliance Power closed up 10.5-8.3 per cent to close. However, Rajesh Exports, Bayar Crop, Amphassis, United Breweries and Torrent Pharma have slipped down 4.4-1.2 per cent in mid-cap stocks.

In smallcap stocks, Arshiya, Lincoln Pharma, Goodwill Engineering, Premier Explosive and Navkar Corp have climbed up to 20-14.1 per cent. However, GE Shipping, Ashapura Intimate, Monnet Steel, Electrosteel Steels and Greenplay Industries have broken down by 5-3.9% in smallcap stocks.