New Delhi, October 6(HS): The domestic stock market started the week on a robust note, closing with solid gains on Monday amid strong global cues and heavy buying in IT, banking, and healthcare stocks. Despite a volatile opening, both key indices — the Sensex and Nifty — managed to rebound sharply, ending the session higher by 0.72% and 0.74%, respectively.The day began with a marginal uptick, but early selling pressure briefly pushed the indices into the red.
However, renewed buying interest soon took hold, driving the market upward through the session. By the close, investor sentiment remained upbeat, thanks to sustained demand in select sectors.Throughout the day, shares in IT, banking, and healthcare sectors saw strong accumulation. Similarly, oil & gas, automobiles, capital goods, and technology stocks registered firm gains.
However, metal, FMCG, consumer durables, and media counters faced mild selling pressure.In the broader market, mixed trends emerged. The BSE Midcap Index advanced 0.68%, while the BSE Smallcap Index slipped 0.20%.
Market capitalisation of BSE-listed companies rose to ₹459.82 lakh crore, an increase of ₹2.01 lakh crore from Friday’s ₹457.81 lakh crore, reflecting the day’s bullish tone and adding significantly to investor wealth.
Trading activity remained brisk, with 4,449 stocks actively traded on the BSE — 1,827 advanced, 2,453 declined, and 169 remained unchanged. On the NSE, 1,227 stocks closed with gains while 1,614 ended lower out of 2,841 traded scrips. Among major indices, 20 out of 30 Sensex stocks finished higher, while 31 of 50 Nifty stocks ended in the green.
The BSE Sensex opened 67.62 points higher at 81,274.79, briefly slipped into the red at 81,155.88, but regained momentum on renewed buying to hit an intraday high of 81,846.42 before closing at 81,790.12, up 582.95 points.The NSE Nifty started 22.30 points higher at 24,916.55, dipped briefly to 24,881.65, and later surged to 25,095.95 at its peak. It eventually settled at 25,077.65, gaining 183.40 points by the close.
Among the top gainers, Max Healthcare soared 6.59%, followed by Shriram Finance (up 3.97%), TCS (up 2.98%), Apollo Hospitals (up 2.85%), and Tech Mahindra (up 2.76%). On the losing side, Tata Steel slipped 1.82%, Adani Ports 1.31%, Power Grid Corporation 0.97%, Eicher Motors 0.88%, and ITC 0.88%.
The strong start to the week reflected improved investor confidence amid positive global cues and sector-specific momentum across key segments of the market.
—————
Hindusthan Samachar / Jun Sarkar
