Mumbai, March 20: The Indian stock market closed on a positive note during Friday’s trading session. By the end of the day, the Sensex rose by 325.72 points, or 0.44%, reaching 74,532.96, while the Nifty gained 112.35 points, or 0.49%, closing at 23,114.50.
The surge was primarily driven by gains in IT and PSU banking stocks. The Nifty IT index was the top gainer, up 2.17%, followed closely by the Nifty PSU Bank, which increased by 2.07%. Other sectors also saw positive movement, with Nifty Pharma up 1.99%, Nifty Healthcare rising 1.89%, Nifty Metal gaining 1.45%, Nifty Commodities increasing by 1.28%, and Nifty Infra up 0.96%.
Conversely, the Nifty Realty index closed down by 0.93%, along with Nifty India Defense at 0.73%, Nifty Financial Services at 0.68%, and Nifty Private Bank down by 0.52%.
Both mid-cap and small-cap stocks also experienced gains alongside large-cap stocks. The Nifty Midcap 100 index rose by 363.20 points, or 0.67%, to close at 54,855.50, while the Nifty Smallcap 100 index increased by 14.35 points, or 0.09%, closing at 15,718.60.
Among the gainers in the Sensex pack were Tata Steel, Tech Mahindra, Infosys, Trent, Titan, NTPC, Sun Pharma, HCL Tech, Eternal, TCS, UltraTech Cement, Mahindra & Mahindra, Bharti Airtel, and Adani Ports. On the losing side were HDFC Bank, BEL, Kotak Mahindra Bank, ICICI Bank, Indigo, Bajaj Finance, Axis Bank, and L&T.
Hari Prasad, founder and research analyst at Livlog Wealth, noted that the market’s upward trend was a result of short covering following significant declines in previous sessions. However, he cautioned that risks remain in the market.
He further mentioned that the India VIX continues to hover at elevated levels, indicating ongoing uncertainty in the market.
The Indian stock market opened on a strong note, with the Sensex up by 801 points, or 1.08%, at 75,008, and the Nifty gaining 248 points, or 1.08%, at 23,250 by 9:25 AM.
Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
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