Growth in Share Market persists

Oct 11 2017 12:26 PM
Growth in Share Market persists

The volatility in the stock market continues. The experts will not be able to say anything when the market will be free. Corruption is also a point to be worried about. On the last trading day of last trading week, there was a general upturn during the closure of the market.

As far as the new week's business, which started today, is on the first day of the week, on Monday, the stock market witnessed a steady rise. The Sensex is trading at 954, with a gain of 95 points. However, Nifty also witnessed strong growth. Nifty was trading at 31,060 with a gain of 100 points. Likewise, BSE and NSE also witnessed a sharp rise. BSE was trading 95 points higher at 31942, while NSE was trading 31 points faster with 10060 trading.

On Tuesday, when the trade closed, the Sensex's uptrend continued to remain strong. The Sensex closed at 31924, up 77 points. Similarly, Nifty closed at 10016 with a gain of 28 points. This is the situation seen in BSE and NSE. The BSE closed at 7724 with a gain of 77 points, the NSE closed with a gain of 28 points at 10016.

Among the broader markets, midcaps had a day of outperformance with the index gaining around a percent, while small-caps too gained one percent as well.

Meanwhile, on a sectoral basis, FMCG witnessed a day of correction, which dragged the indices from intraday gains. Positive moves were seen across, pharmaceuticals, IT, auto, metals, energy, and infra, among others.

Among top gainers were Lupin, Axis Bank, and UPL, while stocks such as ICICI Bank, Tata Steel, Vedanta and Eicher Motors lost the most.

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