The Sensex ended at 37,981 points. It rose to 38,035 points during trading but could not close above 38,000. The trade started with a good gain in the morning. The rise in the US market was also reflected in the Indian market.

The Nifty closed above 11,200 on the day. The Nifty, which rose to 11,234 points, closed at 11,227. The Nifty, which dipped below 11,800 last week, rose 450 points from there.

Most of the 50 stocks in the Nifty were gainers on the day. Of the 46 stocks that gained, only four lost. IndusInd Bank, Bajaj Finance, Axis Bank, ONGC and Tata Motors were the top gainers. IndusInd Bank gained 8 per cent. Shares of Bajaj Finance, Axis Bank, ONGC, Tata Motors, Powergrid, Adani Ports and Sun Pharma gained over 4 per cent

Wipro, Hindustan Unilever, Nestle India and Infosys were the only four Nifty stocks to lose ground. These stocks recorded a loss of less than one per cent.

Banks, auto, IT and metal stocks were the top gainers on the day. The Nifty Bank Index was up 3.26 per cent, the Nifty Auto Index was up 3.04 per cent and the Nifty Metal Index was up 2.96 per cent. Banking stocks such as IndusInd Bank, Bandan Bank, Federal Bank, Axis Bank and RBL Bank rose between 5 per cent and 8 per cent. Automobile shares of Balakrishna Industries and TVS Motors gained over 6 per cent.

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The Nifty started trading above 70 points on the day. However, the Nifty did not return to 11,584 points at the start of trading. The market has seen an increase in the intensity of volatility. Meanwhile, Nifty fell to 11,446 points during the trading and closed above 11,500. The stock closed at 11,505.

The Sensex started trading above the psychological level of 39,000 points but dropped during the trading session. It fell to 38,653 points at one point during trading. It closed at 38,845 points.

Most of the 50 stocks in the Nifty traded higher on the day. Twenty-eight stocks gained while 22 lost. Pharma stocks were the main contributor to the market on the day. Leading pharma stocks Dr. Reddy’s gained 9.92 per cent and Cipla 7.11 per cent. The Nifty Pharma index gained 5 per cent.

Dr. Reddy’s is up 20 per cent this week. Dr. Reddy’s ‘Laboratories’ signing of agreement with Russia to test and distribute the vaccine for COVID caused the stock price to rise sharply. Pharma stocks such as Dr. Reddy’s, Cipla, Lupin, Divis Lab, Cadillac Healthcare and Biocon were at 52-week highs on the day.

Dr. Reddy’s Cipla, Adani Ports, Bharti Airtel and Mahindra & Mahindra were the top five gainers in the Nifty. Adani Ports and Bharti Airtel gained over 3 per cent each.

The biggest losers were HDFC Bank, Sree Cements, Bajaj Finserv, Kotak Mahindra Bank and Maruti Suzuki. HDFC Bank fell 2.28 per cent.

Bank stocks continued to decline. Similarly, the Nifty Banking Index lost 1.30 per cent. Bandan Bank, IDFC First Bank, HDFC Bank and Punjab National Bank lost over two per cent.

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