Sensex up 214 points, closes at 38,434

The stock market recovered from the decline on August 20. The market closed with a gain over the weekend. The growth in the US market was also reflected in the Indian market. Yesterday, the US stock market set a new all-time high.

The Sensex was down 214 points and the Nifty 59 points. The Sensex closed at 38,434 points on August 21. The Sensex had gained over 38,579 points in the trading session.

Similarly, the Nifty closed at 11,371 points. The stock had gained 11,418 points during the trading session. The market saw gains in the afternoon. The stock ended near the Nifty’s support level of 11,377.

Thirty stocks in the Nifty gained while 20 stocks lost ground. The top five gainers were NTPC, Powergrid, Asian Paints, HDFC Bank and Hero Motors. Shares of NTPC, Powergrid and Asian Paints rose over 4%.

Banks and energy stocks were the main gainers on the day. Similarly, the Nifty rose by 1.42%. HDFC Bank and Federal Bank gained over 2% each. Energy stocks such as NTPC and PowerGrid rose above 40%. At the same time, metal stocks fell after sustained gains.

Zee Ltd, ONGC, Hindalco, Bharti Airtel and Tata Steel are the top five losers in the Nifty. Zee Limited fell 4%.