Stock market closes with a slight gain

The stock market ended higher over the weekend. The market gained for the second day in a row. The market had been volatile on September 11.

The Sensex ended 15 points higher at 38,854 points. The day’s low was 38,711 points. The Sensex was at 38,978.52 points but could not cross the psychological level of 39,000.

|The Nifty was up 11,493 points at one point but could not rise above the 11,500 point level. It closed at 11,464 points. At one point in the trade, the indices lost ground but ended with gains.

Although the index gained, most of the index-based stocks lost ground. 21 stocks in the Nifty were up while 29 were down. Wipro, SBI, Tech Mahindra, TCS and Hero Motors were the top five gainers in the Nifty. TCS was up 2.81 per cent and SBI was up 2.80 per cent.

IT stocks were the main gainers on the day. The Nifty IT index was up 1.29 per cent.

The biggest losers in the Nifty were Zee Limited, IndusInd Bank, PowerGrid, BPCL and Coal India. Zee Ltd. fell 2.22 per cent.