New Delhi. Today, the stock market appeared to be trading with great momentum due to the strong performance of private banks and closed with a gain of 500 points. On the other hand, shares of Reliance were also seen. Because of which the market has never felt that the effect of Corona is being seen. Today the banking sector also saw a boom. On the other hand, the sector closed on the red mark due to the fall in shares of pharma companies. Let us tell you that pharma companies have opened the prices of their Kovid vaccine for the open market. After which the debate has started as to how such an expensive vaccine will be acquired.
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Market closed at a rapid pace
Today the stock market closed with good gains. The Bombay Stock Exchange’s major index Sensex gained 508.06 points to close at 48,386.51 points. While the National Stock Exchange’s major index Nifty 50 gained 143.65 points to close at 14,485 points. BSE Small Cap 185.36, BSE Mid-Cap 119.88 and CNX Midcap closed up by 182.30 points.
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Boom in all sectors except pharma
The pharma sector closed today with a decline of 148.97 points on Monday. Bank Exchange 708.73, Bank Nifty gained 552.90 points. Consumer durables 397.17 and BSE Metal closed up by 350.68 points. BSE Auto 101.97, Capital Goods 137.83, BSE FMCG 50.58, BSE IT 50.64, Oil and Gas 64.52, BSE PSU 76.13 and BSE Tech gained 26.19 points.
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Private banks’ shares rise
Today, shares of private banks are seeing a boom. Axis Bank closed 4.33 per cent, ICICI Bank up 3.71 per cent. While Ultra Tech Cement closed up 3.43 per cent, JSW Steel 3.21 per cent and Grasim Industries 2.68 per cent. In contrast, Cipla closed down by 3.23 per cent, Britannia Industries by 3.04 per cent, HCL Technology 2.81 per cent, Bharat Petroleum Corporation by 0.98 per cent and HDFC Bank by 0.66 per cent.