The stock market continued to run on the first trading day

Today, the stock market continued to run on the first trading day of the week i.e. Monday. The Bombay Stock Exchange’s flagship index Sensex gained 0.77 percent to close at 45426.97, up 347.42 points. At the same time, the National Stock Exchange’s Nifty gained 0.73 percent (97.20 points) to close at the level of 13355.75. During the business, the Sensex-Nifty has set a new record level so far. It is known that the news related to the Covid-19 vaccine and the developments related to another stimulus package in the US will determine the direction of the stock markets this week. Analysts are of the opinion that investors will keep an eye on global developments with news related to the corona virus.

Last week, the 30-share BSE Sensex gained 929.83 points or 2.10 per cent. The Nifty rose 289.60 points or 2.23 percent. It is known that the index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. However according to analysts, further market volatility will continue. Hence investors should be cautious.

Talking about the big stocks, today the shares of Adani Ports, UPL, Hindustan Unilever, Bharti Airtel and ONGC closed on the green mark. SBI Life, Nestle India, Kotak Bank, JSW Steel and Tata Steel closed at the red mark.

The stock market continued to run on the first trading day
The stock market continued to run on the first trading day

Public sector power company NTPC has offered to buy back Rs 4,000 crore masala bonds from its bondholders or lenders. Spice bonds are issued out of the country in Indian rupees. NTPC has offered to buy back the Rs 4,000 crore spice bond. The company said in a statement on Monday that under this offer, on August 10, 2016, 7.375 per cent notes of Rs 2,000 crore issued in rupee value will be repurchased. These bonds are to be repaid on 10 August 2021 (2021 notes).

If we look at the sectoral index, all the sectors, except realty, closed on the green mark. These include banks, IT, private banks, finance services, PSU banks, FMCG, pharma, media, auto and metal. Last week, the market capitalization (market cap) of six of the top 10 Sensex companies increased by Rs 91,629.38 crore. ICICI Bank and Tata Consultancy Services (TCS) were the biggest gainers. During the week, the market capitalization of Reliance Industries, TCS, Hindustan Unilever, Infosys, ICICI Bank and Bharti Airtel increased. On the other hand, market capitalization of HDFC Bank, HDFC, Kotak Mahindra Bank and Bajaj Finance declined.

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