Sensex up 431 points

After a one-day hiatus, the stock market is back on track. The Sensex was up 431 points and the Nifty was up 128 points. The Sensex closed above 44,000 and the Nifty closed above 12,900.

The Sensex ended at 44259.74 points and the Nifty closed at 12987.00 points. The Nifty was down 225 points during the day. The day’s low was 12,790 points.

Banks, metals and pharma stocks were the major contributors to the day’s gains. Similarly, Nifty rose by 3.85 per cent, the Nifty Pharma index by 1.43 per cent and the Nifty Bank index by 1.21 per cent.

The top five gainers were JSW Steel, Tata Steel, Grasim Industries, Bajaj Finance and Sree Cements. JSW Steel rose 7.02 percent. Shares of Tata Steel, Grasim Industries, Bajaj Finance and Shree Cement gained over 3 per cent each.

The majority of Nifty stocks traded higher today. Of the 50 stocks in the Nifty, 42 gained while 8 lost. Shares of Eicher Motors, Maruti Suzuki, BPCL, HDFC Life and ONGC lost.