Sensex Gains 274 Points, Nifty Around 84 Points, During Closing Bell
On July 11, the Indian stock market witnessed a positive session, with the benchmark indices, Sensex and Nifty, ending in the green. The Sensex gained 273 points to close at 65,617.84, while the Nifty gained 83.50 points to reach 19,439.40.
The market saw buying across various sectors, except for metal and PSU Banks. The broader markets also showed strength, with the midcap and smallcap indices gaining about 1 percent each.
In terms of individual stocks, Sun Pharma and Eicher were among the top gainers on the Nifty 50 index, with both gaining over 2 percent.
On the other hand, UPL fell 2.4 percent, and JSW Steel closed 1.6 percent lower. In the F&O segment, stocks like Tata Communications, Dixon Technologies, and Polycab saw long build-up, while Deepak Nitrite, Navin Fluorine, and Bandhan Bank witnessed short-covering.
Among the sectoral indices, except for metal and PSU Banks, all other sectors ended in the green. The auto, power, FMCG, capital goods, and healthcare sectors added around 1 percent each.
The BSE midcap and smallcap indices also performed well, gaining nearly 1 percent each.
The markets experienced a volatile session with a slight increase in value. While some sectors performed well, the banking sector faced pressure.
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The overall market remains positive. The US markets are being closely watched for cues, and their sustained recovery could lead to further upward movement in the markets.
