Stock Market Closing: Market closed with great momentum due to buying in banking IT stocks, Sensex jumped 660 points
Stock Market Closing On 8th September: Indian stock market has closed with great momentum. The market remained bullish due to buying in banking and IT stocks. At the end of trading today, the Sensex of the Mumbai Stock Exchange rose 659 points to 59,688 and the Nifty of the National Stock Exchange closed at 17,798 points with a gain of 174 points.
Bank Nifty also saw a great rally. Of the 12 shares of Bank Nifty, 11 shares closed in the green mark and 1 share closed in the red mark. Apart from banking, IT, auto, FMCG, energy, oil, and gas sectors rose. At the same time, apart from Metals, Consumer Durables, and Pharma, there was a decline in the shares of the media sector. Midcap and small-cap stocks also saw a rise. Of the 50 stocks of Nifty, 37 shares closed in the green, while 13 shares closed in the red mark. So out of 30 stocks of Sensex, only 25 shares closed in the green mark while 5 were closed in the red mark.
If we look at the rising stocks, Tech Mahindra 3.23 percent, Axis Bank 3.22 percent, ICICI Bank 2.57 percent, Mahindra & Mahindra 2.48 percent, Bharti Airtel 2.28 percent, SBI 2.26 percent, UltraTech Cement 2.22 percent, Bajaj Finserv 1.91 percent, IndusInd The bank closed with a gain of 1.67 percent, Asian Paints 1.47 percent, Bajaj Finance 1.34 percent.
If we look at the falling stocks, Tata Steel has closed with a fall of 1.63 percent, NTPC 0.33 percent, Titan Company 0.32 percent, Nestle 0.15 percent, Power Grid 0.09 percent, and HCL Tech 0.07 percent.