The stock market rose for the third day in a row after falling on Monday. The Sensex is up 529 points and the Nifty is up 148 points on December 24. The Sensex closed at 46,973 and the Nifty closed at 13,749.
The market did not go below yesterday’s level of trading today. The wide-based National Stock Exchange index Nifty was trading at 13,626. It closed at 13749 after rising to 13,771.
Bank and pharma stocks provided strong support to the market. The Nifty Bank Index was up 1.93 per cent and the Pharma Index was up 1.22 per cent.
At the same time, IT, media and real estate indexes were losing ground.
Thirty-two shares of the Nifty gained while 18 shares lost. The top gainers were Nifty, with Tata Motors, Sun Pharma, Axis Bank, Reliance and IOC.
