Mumbai: Due to the decline in crude oil prices and buying in banking and financial sector stocks, the stock market indices Sensex and Nifty ended higher.
In morning trade today, the Sensex was up 340.01 points at 81,339.41. At the close of trading, the 30-share Sensex rose 107.25 points to 81,106.65, while the 50-share Nifty gained 58.25 points to settle at 25,044.65.
In the Sensex, stocks including State Bank of India, Trent, Larsen & Toubro, NTPC, HDFC Bank, and ICICI Bank rose, while on the other hand shares of HCL Tech, Tata Steel, UltraTech Cement, and Bajaj Finance declined.
Last week, the Nifty rose by 1,977.25 points, while the BSE index gained 6,568.49 points.
Patanjali Foods shares rose 2.24% in the closing trading session to Rs. 426.35, while Bajaj Finance shares fell 1.56% to Rs. 1,064.85, ITC fell 1.45% to Rs. 279.35, Grasim fell 1.22% to Rs. 3,168.20, Tech Mahindra fell 1.80% to Rs. 1,796.90, Infosys fell 1.80% to Rs. 1,150.50, Max Healthcare fell 1.19%, and Eternal shares fell 1.15%.
Dr. Reddy's shares rose 1.09% to Rs. 1,385, Maruti Suzuki rose 0.88% to Rs. 12,928, Hindalco rose 0.73% to Rs. 960, and Apollo Hospitals rose 0.66% to Rs. 8,485.50.
Solar Industries India shares rose 2.18% to Rs. 19,024.00, Federal Bank shares rose 2.20% to Rs. 344.10 in the closing trading session, Larsen & Toubro rose 1.82% to Rs. 4,185, and HDFC Bank rose 1.75% to Rs. 797.80. Adding strength to the rise in banking stocks, ICICI Bank rose 1.53% to Rs. 1,589.
In the Nifty, Tata Steel fell 2.81% to Rs. 184.85, HCL Tech shares fell 2.64% to Rs. 1,404, and UltraTech Cement shares fell 2.40% to Rs. 12,199.
In Asian markets, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index closed higher. South Korea’s Kospi and Hong Kong’s Hang Seng indices ended lower.
European markets traded higher, while the U.S. stock market closed higher yesterday (Friday).
After seven days of gains, profit-taking led the Sensex and Nifty indices to close slightly lower in yesterday’s Diwali special Muhurat trading session.
Global Brent crude oil is down 1.04 percent to 97.46 U.S. dollars per barrel.
