Market fails to hold higher levels, most Tata stocks finish in green
Stock market failed to hold the higher levels and ended with marginal gains in the rangebound session on Thursday.
Stock market failed to hold the higher levels and ended with marginal gains in the rangebound session on Thursday.
Sensex and Nifty rose 0.6% each to 71,555 and 21,743, respectively. Broader markets, too, saw some respite after undergoing selling pressure as Nifty Midcap 100 and Nifty Smallcap 100 indices rose up to 0.3%.
The top gainers on the Sensex so far were Kotak Mahindra Bank, Tech Mahindra and HDFC
"Asian markets rose shrugging off concerns about China regulatory actions and Delta strain spread. In India, Bank stocks are up, while Realty stocks have come under profit taking." said Deepak Jasani, head of Retail Research at HDFC Securities
"With the growth of India's GDP projection for calendar year 2021 by UN to 7.5 per cent. The Q4 results of 2020-2021 were good that raised markets to these levels."
Broader markets BSE midcap and smallcap followed the frontline indices’ trend and surged to end up to 1.40 per cent and 0.37 per cent respectively.
At 1.40 p.m., the Sensex traded 534.75 points up at 33,884.06 points. It opened at 33,549.88 points from its previous close of 33,349.31 points.
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Stocks posted modest gains as they consolidated near 4-month highs on Friday. Investors and traders were hesitant to extend aggressive…
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