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Sensex deepen Nearly 600 Points, Nifty Settles at 11,200 Led By Banks

 

On Monday, Domestic stock markets assembled for the second session in a row, whereas the Sensex raised at 627 points and Nifty 50 index lift above its important psychological level of 11,200 lead by profit in ICICI Bank, Axis Bank, HDFC, Bajaj Finance, HDFC Bank and Reliance Industries. The sharp relapse in the benchmarks came after they undergo intense selling pressure in the six sessions.
Today, the Sensex over at 593 points or 1.59 per cent that was close at 37,982 and Nifty 50 index higher 177 points or 1.60 per cent to settle at 11,228.

Nifty Bank, Auto and Metal indices ended at 3 per cent profit, whereas all the 11 sector gauges acquired by the National Stock Exchange ended higher.

Mid and small-cap shares also showed good buying interest as the Nifty Midcap 100 and Nifty Smallcap 100 indexes thicken 2.87 per cent and 3.5 per cent each respectively.

The sharp rebound in the benchmarks came after they suffered intense selling pressure in the six sessions until Thursday last week, which saw Nifty tumble by over 6 per cent.

The Sensex ended 593 points or 1.59 per cent to close at 37,982 and Nifty 50 index rose 177 points or 1.60 per cent to settle at 11,228.

Bajaj Finance, Axis Bank, ONGC, Tata Motors, Power Grid, Adani Ports, Sun Pharma, ICICI Bank, Grasim Industries and Mahindra & Mahindra was at 4-6 per cent each. Whereas In the Nifty 5046 shares ended higher led by the IndusInd Bank’s 8 per cent gain. Bajaj Finance, Axis Bank, ONGC, Tata

On the other side, Wipro, Hindustan Unilever, Nestle India and Infosys were in the noted loss. The overall market was at 1,927 shares.

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