Stock market continues to rise without a hitch

The market climbed for the eighth day in a row. At the same time, the market is experiencing severe volatility. The Nifty traded 200 points lower during the day. It rose again to 12,571 points during the trade session.

 

The Nifty is up 12,769 points. The Sensex closed at 43,593 points and the Nifty closed at 12,749 points. The Sensex was up by 316 points and the Nifty by 118 points.

 

The stock market hit a record high for the third day in a row. The Nifty and the Sensex hit new highs in recent days, setting new all-time highs during the day.

 

Metal and pharma stocks were the major contributors to the day’s gains. The Nifty Pharma index was up 3.59 per cent and the Nifty Metal index was up 3.46 per cent. At the same time, banking stocks fell sharply.

 

Hindalco, Tata Steel, Dr Reddy’s, Lab, Axis Bank and Eicher Motors were the top five gainers. The stock gained over 4 per cent.

 

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 43 stocks gained while seven lost. Some of the losers were down sharply. Shares of IndusInd Bank and Reliance Industries lost over 4 per cent.