NSE BSE 7 October 2021: Sensex rises by 488 points and Nifty by 144 points, all sectors closed on green mark
Today, on the fourth trading day of the week i.e. on Thursday, the stock market closed on the green mark after the day's ups and downs. The Bombay Stock Exchange's flagship index Sensex closed at 59,677.83 with a gain of 488.10 points (0.82 percent). On the other hand, the Nifty of the National Stock Exchange closed at 17,790.35 with a gain of 144.35 points (0.82 percent). Last week, the BSE 30-share Sensex fell 1,282.89 points or 2.13 percent.
GST Compensation: Finance Ministry releases Rs 40,000 crore
The market boomed on the back of a boom in the economy and positive signs. The Finance Ministry has released Rs 40,000 crore to states and union territories under a back-to-back credit facility to meet the shortfall in GST compensation. This is in addition to the normal GST compensation to be released every two months from the actual cess collection:
Such was the condition of giant stocks
Talking about the big stocks, after the day's trading, the shares of Tata Motors, Titan, M & M, Maruti, and Ichar Motors closed on the green mark. On the other hand, shares of ONGC, Dr. Reddy's, Coal India, Britannia, and Divis Lab closed on the red mark.
Keeping an eye on the sectoral index
Looking at the sectoral index, today all the sectors closed on the green mark. These include media, IT, financial services, banks, private banks, auto, metal, pharma, PSU banks, realty, and FMCG.
The market was open on the green mark in the early trade
The stock market opened on the green mark in early trade. The Sensex opened at 59,652.38 with a gain of 462.65 points or 0.78 percent. On the other hand, Nifty opened at 17,778.90 with a gain of 132.90 points (0.75 percent).
The market closed on the red mark in the last session
In the last session, the stock market closed on the red mark after the day's volatility. The Sensex closed at 59,189.73, down 555.15 points (0.93 per cent). On the other hand, the Nifty closed at 17,646.00, down 176.30 points (0.99 percent).