New Delhi, May 7 (H.S.): The domestic stock market concluded with modest gains after experiencing volatility throughout the trading session. Initially, there was a significant decline as selling pressure pushed the indices lower. However, after the first half-hour, buying activity surged, enabling the market to recover and finish in positive territory. The Sensex closed up by 0.13%, while the Nifty increased by 0.14%. Notably, sectors such as automobiles, metals, and consumer durables saw continuous buying, alongside strength in IT, banking, capital goods, public sector enterprises, oil and gas, and tech indices. Conversely, selling pressure persisted in the FMCG and healthcare sectors.

The broader market performed positively as well, with the BSE mid-cap index rising by 1.36% and the small-cap index gaining 1.16%. This strength in the market resulted in an increase in investors’ wealth, amounting to over ₹2 lakh crore, leading to a rise in market capitalization on the BSE to a provisional ₹423.52 lakh crore, up from ₹421.31 lakh crore the previous day.

During the trading session, 4,046 shares were actively traded on the BSE, with 2,203 closing higher and 1,685 lower. On the NSE, 2,544 shares were traded, with 1,570 closing in profit. Among the 30 shares in the Sensex, 18 gained while 12 declined; in the Nifty, 30 rose and 20 fell.

The BSE Sensex opened at 79,948.80 points, down 692.27 points, but after an initial drop to 79,937.48 points, it recovered by over 900 points, hitting a high of 80,844.63 points before closing at 80,746.78, up 105.71 points. Similarly, the NSE Nifty opened at 24,233.30 points, dropping to 24,220 points before rebounding to close at 24,414.40, up 34.80 points.

Major gainers included Tata Motors and Bajaj Finance, while Asian Paints and Sun Pharmaceuticals were among the top losers.

Hindusthan Samachar / Jun Sarkar