The Bombay Stock Exchange (BSE) continued its strong rally on Friday on the first trading day this week. The stock market, which started with gains, has not lost ground at any stage on the day. Eventually the trade ended at the same level as it had started.

The Sensex is up 448 points. The Nifty gained 110 points.

The Sensex closed at 40,431 points. It had gone up to 40,519.48 points. Similarly, the Nifty, which had up to 11,898.25 points closed at 11,873 points.

Bank stocks were the main gainers on the day. The Nifty Bank Index was up 2.96 per cent. HDFC Bank’s strong second quarter results lead to a rise in banking stocks. Shares of Bank of Baroda, Federal Bank and ICICI Bank gained between 5% and 8%.

The upward trend was also seen in metal indices. The Nifty Metal Index was up 1.78 per cent. At the same time, auto, pharma and IT stocks came under selling pressure. The Nifty Pharma index lost 1.67 per cent.

The majority of Nifty stocks traded higher on the day. Out of the 50 stocks in the Nifty, 35 gained while 15 lost. ICICI Bank, Nestle India, Axis Bank, GAIL and SBI are the top five gainers in the Nifty on the day. ICICI Bank gained 5.12 per cent. Shares of Nestle India, Axis Bank, GAIL and SBI gained over 4 per cent.

Divis Lab, Acer Motors, Hero Motors, Cipla and Bajaj Auto were the top five losers in the Nifty. These stocks lost over 2 per cent.

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The Sensex was up by 86 points and the Nifty by 23 points. The Nifty closed above 11,400 points, indicating that the stock market will continue to rise. 11,377 is the key pressure level of the Nifty. The market is gaining strength on the back of two consecutive days of trading above this level.

The Sensex ended at 38,614 points. The Sensex had gained 38,788.51 points in the morning trade. Similarly, the Nifty closed at 11,408 points. The Nifty is currently trading at its highest level of 11,460 points.

Twenty eight stocks in the Nifty gained while 22 stocks lost ground. Bharti Airtel, Maruti Suzuki, ICICI Bank, United Phosphorus and Indian Oil Corporation were the top five gainers in the Nifty. These stocks gained over one per cent.

Bank and metal stocks were the main gainers on the day. Punjab National Bank rose 4.41 per cent. Federal Bank, Bank of Baroda and RBL Bank gained over 2% each. Leading metal major National Aluminum rose 70 per cent. Metal stocks have been steadily gaining over the past few days.

Bajaj Auto, ONGC, Nestle India, Kotak Mahindra Bank and Britannia were the top five losers in the Nifty. Bajaj Auto fell 1.20 per cent.

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The Nifty was down 122 points on August 14. Nifty closed at 11,178.40. It traded higher at 11,366.25 points, after which it fell by more than 250 points. The Nifty is currently trading at its lowest level of 11,111.45.

Nifty 37 stocks lost ground while 13 stocks gained. The top five gainers were JSW Steel, Coal India, Sun Pharma, Cipla and NTPC. JSW Steel and Coal India gained over 2 per cent.

Eicher Motors, Tata Motors, Mahindra & Mahindra, Axis Bank and Bajaj Finance were the top five losers in the Nifty. Eicher Motors fell more than 7 per cent. Shares of Tata Motors fell 4.80 per cent. Mahindra & Mahindra reported a loss of 3.27 per cent. Axis Bank and Bajaj Finance fell more than two per cent.

Automobile and bank stocks were the main losers on the day. The Nifty Auto Index gained 2.56 per cent. All 14 stocks except Ashok Leyland, which is listed on the Nifty Auto Index, declined.

The Nifty Bank Index ended with a loss of 2.33 per cent. Bank of Baroda, RBL Bank, IDAFC First Bank and Punjab National Bank lost three to four per cent each.

At the same time, metal stocks gained on the day. Metal stocks have been steadily gaining over the past few days. August 14 was also a day of gains for pharma stocks. Lupine was up 8.97 per cent.

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