New Delhi, June 16(HS): After a significant decline in the previous week, the domestic stock market rebounded strongly on Monday. Initially, the market struggled in the red during early trading, but after approximately 20 minutes, buying interest emerged, leading both the Sensex and Nifty indices to positive territory. Despite rising geopolitical tensions in the Middle East, there was notable buying interest in large-cap and blue-chip shares, resulting in the Sensex closing up by 0.84 percent and the Nifty by 0.92 percent.
Substantial buying was observed in the realty, IT, and metal sectors, along with gains in oil and gas, public sector enterprises, banking, automobile, capital goods, consumer durables, FMCG, healthcare, and tech indices. The broader market also experienced continuous buying, pushing the BSE midcap index up by 0.93 percent and the smallcap index by 0.38 percent. Overall, investors’ wealth increased by over ₹3 lakh crore, with the market capitalization of listed companies on the BSE rising to ₹450.44 lakh crore from ₹447.21 lakh crore at the end of the previous week.
During trading, 4,253 shares were active on the BSE, with 1,977 shares gaining and 2,107 losing ground. On the NSE, out of 2,598 shares traded, 1,366 ended in the green while 1,232 faced losses. In the Sensex, 27 of the 30 stocks closed higher, while 46 out of 50 Nifty stocks also ended positively.
The BSE Sensex initially opened down by 84.15 points at 81,034.45 points but fell to a low of 81,012.31 points shortly before 10 AM due to early selling pressure. However, buying momentum subsequently propelled the index up to 81,865.82 points, eventually closing at 81,796.15 points, a gain of 677.55 points. The Nifty began trading at 24,732.35 points and, after volatility, closed at 24,946.50 points with a gain of 227.90 points.
Among top gainers were Bharat Electronics (up 2.45%), SBI Life Insurance (2.43%), and UltraTech Cement (2.41%). Conversely, Tata Motors led the loser’s chart, falling by 3.57%.
Hindusthan Samachar / Jun Sarkar
