Stock market rebounds after a day

The stock market rebounded after the decline on November 19. Sensex was up 282 points and the Nifty 87 points. The Nifty closed above 12,850.

The Sensex closed at 43,882 points and the Nifty at 12,859 points. The Nifty traded down more than 250 points during the day. The day’s low was 12,730 points. Similarly, the Nifty rose to 12,892 points during the day.

IT, FMCG and bank stocks were the major contributors to the day’s gain. The Nifty Bank Index was up 1.15 per cent, the Nifty FMCG Index was up 1.19 per cent and the Nifty IT Index was up 1.40 per cent.

Bajaj Finserv, Titan, GAIL, Bajaj Finance and Bharti Airtel were the top five gainers. Bajaj Finserv rose 9.27 per cent. Shares of Titan, GAIL, Bajaj Finance and Bharti Airtel gained over 3 per cent each.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 33 stocks gained while 17 stocks fell. Shares of Reliance, Adani Ports, IndusInd Bank, Axis Bank and Sun Pharma lost ground. Reliance fell 3.66 per cent.