New Delhi, April 28 (H.S.): On the first business day of the week, the domestic stock market displayed notable enthusiasm on Monday. Trading commenced with minor gains, which quickly turned into widespread buying, resulting in a bullish trend for both the Sensex and Nifty indices.

By the end of the day, the Sensex increased by 1.27% while the Nifty rose by 1.20%. Continuous purchasing was prevalent in the oil and gas, banking, and defense sectors, with strong performances across public sector enterprises, pharmaceuticals, energy, capital goods, realty, and metals.

The Nifty IT index, however, dipped by 0.22%. The broader market also experienced robust buying, leading to a 1.34% rise in the BSE Midcap index and a 0.39% increase in the Smallcap index.

Out of 2,577 actively traded shares on the NSE, 1,342 closed higher while 1,235 saw losses. Of the 30 stocks in the Sensex, 23 advanced and 7 declined, while in the Nifty, 39 out of 50 stocks ended in the green.

The Sensex opened at 79,343.63 points, increasing by 131.10 points, and saw a surge to 80,321.88 points around 1 PM, eventually closing at 80,218.37 points with a gain of 1,005.84 points.

Similarly, the Nifty opened at 24,070.25 points, fell under selling pressure, but was buoyed by buying to reach 24,355.10 points at its peak, finally closing at 24,328.50 points with a gain of 289.15 points.

Top performers included Reliance Industries and Sun Pharmaceuticals, while Shriram Finance was among the notable losers.

Hindusthan Samachar / Jun Sarkar