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The stock market is bright on the strength of the banking sector, Reliance continues to decline


The stock market is bright on the strength of the banking sector, Reliance continues to decline 1

new Delhi. Even though the stock market has seen a glow today, but the color of the investors of Reliance Industries is still blown up. Reliance shares saw a decline of more than one percent today. However, the Sensex managed to maintain a gain of over 500 points on the basis of banking shares. On the other hand, the Nifty 50 saw a rise of 144 points. ICICI shares rose more than 6 percent. On the other hand, shares of HDFC and SBI have seen an increase.

Astonishing was seen in the stock market
Today, after a long time in the stock market, there was a rage. The Bombay Stock Exchange’s flagship index Sensex gained 503.55 points to close at 40261.13 points. While the National Stock Exchange’s major index Nifty 50 gained 144.35 points to close at 11813.50. BSE Small Cap 60.70 and BSE Mid-Cap closed 61.17 points higher. On the other hand, the CNX Midcap index for foreign investors closed at 125.30 points.

Banking sector strengthened for the second consecutive day
The banking sector has witnessed strong gains for the second consecutive day. Bank Exchange 902.13 and Bank Nifty gained 780.30 points. On the other hand, consumer durables 339.83, BSE Auto 251.84 and BSE Healthcare closed up by 234.21 points. BSE Metal 165.74, Capital Goods 121.22, BSE PSU 57.85 and BSE FMCG 24.27 have seen a gain of points. On the other hand, BSE IT 14.13, Oil & Gas 16.05 and BSE Tech 18.05 are down.

Rising and falling shares
First of all, the shares of ICICI Bank rose by 6.32 percent. Hindalco Industries closed at 5.27 per cent. State Bank of India 204.75, Housing Development Finance Corporation and Power Grid Corporation of India were up 4%. Among the downgraded stocks, UPL 6.35 per cent, NTPC 3.64 per cent, Reliance Industries 1.44 per cent, Nestle India 1.30 per cent and HCL Technology fell 1.02 per cent.


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