Stock market closes higher a day before Union Budget
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
Despite weak Asian equity markets, domestic benchmark indices snapped two-session losing streak and traded with marginal gains in the late morning trade on Monday.
At 11.15 am, the Sensex was trading 17 points or 0.06 per cent higher at 29,479 while the Nifty50 was trading four points or 0.05 per cent up at 9,155.
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Broader markets again outperformed the front liners. BSE Midcap and BSE Smallcap indices gained 0.3 per cent and 0.4 per cent respectively.
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Among BSE sectoral indices, Realty index became the lead gained with a jump of 3.2 per cent. Oil & Gas (up 0.9 per cent), Consumer Durables (up 0.7 per cent) and Capital Goods (up 0.2 per cent) indices were other notable gainers. Telecom and IT indices fell 0.7 per cent 0.4 per cent respectively.
On Thursday, the BSE Sensex had closed 182 points or 0.61 per cent down at 29,461 while the NSE Nifty had ended 53 points or 0.57 per cent lower at 9,151. Markets were shut on Friday due to Good Friday holiday.
Top gainers in the Sensex-30 pack: Gail (up 2.4 per cent), Dr Reddy’s Labs (up 2.2 per cent), Adani Ports (up 1.3 per cent), Power Grid (up 1.3 per cent) and HDFC (up 1 per cent).
Top losers in the Sensex-30 pack: Sun Pharma (down 2.2 per cent), Asian Paints (down 1.2 per cent), NTPC (down 1 per cent), TCS (down 0.9 per cent) and M&M (down 0.8 per cent).
The Rupee was trading four paisa higher at 64.46 against the US Dollar.
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