Mumbai, March 21 (IANS). The Indian stock market closed in a green mark in Friday’s trading session. This was the fifth consecutive session when the market saw all -round purchases. At the end of the trading, the Sensex rose 557.45 points or 0.73 percent to 76,905.51 and the Nifty increased by 159.75 points or 0.69 percent to 23,350.40.
Midcap and smallcap also saw purchases compared to largecap. The Nifty Midcap 100 index rose by 706.35 points or 1.38 per cent to 51,850.75 and the Nifty Smallcap 100 index at 326.90 points or 2.06 per cent to close at 16,184.95.
Most index on sectoral basis are faster. Auto, IT, PSU bank, pharma, FMCG and realty were in green mark. Only the metal index is closed in the red mark.
The Sensex pack had NTPC, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, L&T, Sun Pharma, Nestle, Tata Motors, ICICI Bank, Power Grid and Zomato top gainers. Tata Steel, M&M, Infosys, Titan and Bajaj Finserv were the top losis.
The rupee rose 40 paise to close at 85.97 against the dollar. This is the first time since January 10 when the rupee has closed at this level against the dollar.
According to the prime research head of HDFC Securities, Devarsha Advocate, “Nifty closed above February 5, 2025, closed above its 50-day Exemplary Moving Average (EMA). After a strong rally of 1,200 points from the recent low levels, Short Term Traders should assess their bulls positions again as the market re-assessed the market 23,200-200-23,400 of Support for Nifty is now entering a strong resistance area between levels.
The start of the Indian stock market was mixed. At around 9.31 am, the Sensex was trading at 76,340.29 at 76,340.29 at around 9.31 am, while the Nifty was trading at 23,192.90 with a decline of 2.25 points or 0.01 percent.
Foreign institutional investors (FIIs) bought shares worth Rs 3,239.14 crore on 20 March. At the same time, domestic institutional investors (DIIs) sold shares worth Rs 3,136.02 crore on the same day after net selling for the last 29 seasons.
-IANS
ABS/
