Our Correspondent
The stock market gained for the fifth day in a row on November 6. The prospect of Joe Biden becoming the United States President has raised the prospects of a new stimulus plan. This is the reason why the market is booming. The Sensex was up by 552 points and the Nifty by 143 points. The market has been on a bullish trend since November 6 morning.
The trading day started with gains. The Sensex remained above 41,000 points. The Sensex closed at 41,893 points. The Nifty rose again to 12,250 points. Nifty gained 143 points to 11,280. The day’s low was 12,131 points. The Nifty closed at 12,263 points.
The majority of Nifty stocks traded higher on the day. Of the 50 stocks in the Nifty, 32 gained while 18 lost. Bajaj Finserv, Reliance Industries, Indus Ind Bank, HDFC Bank and Kotak Mahindra Bank were the top five gainers today. These stocks gained over 3 per cent.
Banking and IT stocks were the biggest gainers on the day. The Nifty Bank Index was up 1.99 per cent. The Nifty IT index gained 1.02 per cent.
Maruti Suzuki, GAIL, Bharti Airtel, Ultratech Cements and Asian Paints were the top five losers in the Nifty. Maruti Suzuki fell 2.63 per cent.
