Delhi, 20 October (H.S.): India’s stock market extended its winning streak to a fourth consecutive session on Monday, as investor sentiment remained bullish ahead of the special Muhurat trading for Diwali on Tuesday. The market opened strong and maintained momentum throughout the day despite intermittent profit-booking.
By the closing bell, the BSE Sensex had risen 0.49%, and the NSE Nifty 50 had gained 0.52%.The sustained rally significantly boosted investor wealth, adding approximately ₹2.85 lakh crore in a single session. The total market capitalization of companies listed on the BSE climbed to an estimated ₹469.77 lakh crore, up from ₹466.92 lakh crore at the close of last week’s trading on Friday.
Monday’s trading session saw strong buying interest in the IT, PSU Bank, and Oil & Gas sectors. The Energy, Pharmaceutical, Capital Goods, and Consumer Durables indices also closed in the green. In contrast, the Automobile, Metal, and FMCG sectors faced selling pressure.
The broader market reflected the positive sentiment, with the BSE MidCap index rising 0.69% and the SmallCap index ending 0.59% higher.
The BSE Sensex opened at 84,269.30 and surged to an intraday high of 84,656.56 before closing at 84,363.37, a gain of 411.18 points.
Similarly, the NSE Nifty 50 started at 25,824.60, touched a high of 25,926.20, and settled at 25,843.15, up 133.30 points.Leading the gains among top stocks were Cipla (3.90%), Reliance Industries (3.53%), Shriram Finance (2.73%), Bajaj Finserv (2.69%), and Axis Bank (2.15%).
On the losing side were ICICI Bank (-3.22%), JSW Steel (-1.56%), Mahindra & Mahindra (-1.32%), Eicher Motors (-1.31%), and Adani Ports (-0.84%).
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Hindusthan Samachar / Jun Sarkar
