The stock market started the first day of the week on a positive note after falling sharply last week. The Sensex was up 173 points and the Nifty 68 points.
The Sensex ended at 38,050 points on August 17. The Sensex ended lower at 37,734 points. The Sensex rose more than 300 points from a low.
The Nifty closed at 11,247 points. The Nifty traded lower by 11,144 points and then rose by more than 100 points. The Nifty is currently trading at a high of 11,267 points.
Thirty-nine stocks in the Nifty gained while 11 stocks lost. The top five gainers were NTPC, Eicher Motors, Zee Limited, Hindalco and Bajaj Auto. NTPC gained 7.47%. Eicher Motors, Zee Limited, Hindalco, Bajaj Auto and Hero Motors gained over four per cent.
SBI, Bharti Airtel, BPCL, Reliance and Tata Motors were the top five losers in the Nifty. SBI fell 1.55 per cent.
Automobile and metal stocks were the main gainers of the day. Similarly, the National Stock Exchange index Nifty gained 2.43 per cent. Of the 15 stocks in the Nifty Auto Index, 12 gained.
Similarly, the Nifty metal index rose by 2.51 per cent. The last few days have seen a steady rise in metal stocks. Jindal Steel was up 5.16 per cent and Hindalco was up 4.46 per cent.
