CLOSING BELL: Sensex snaps 4-day losing run, index rises 145 pts; Nifty ends at 18,125
Published On: Monday, October 25, 2021 | By: Team KnowMyStock
After a volatile start, the benchmark indices gained ground to trade on a firm footing amid gains in banking stocks. A firm start for the European markets also helped the market sentiments. The BSE Sensex reclaimed the 61,000 mark and was up 291 points or 0.48 percent at 61,113. Meanwhile, NSE Nifty traded at 18,169, 55 points or 0.3 percent higher. ICICI Bank, Axis Bank, and SBI were the top Sensex contributors. The broader markets, on the other hand, languished with the BSE Midcap and Smallcap indices down over 1 percent each. The Nifty Bank hit a fresh 52-week high. Realty and IT counters were off day's low but still down 1 percent and worst losers. The BSE index after touching a low of 60,450, bounced back into the positive zone as ICICI Bank and select banking shares extended gains. The Sensex finally snapped its 4-day losing streak and ended 145 points higher at 60,967.
The NSE Nifty dipped below the 18,000-mark in intrday trades to touch a low of 17,969, but evenutally settled at 18,125, up 10 points. India VIX was up 0.4 per cent at 17.61.
The Bank Nifty scaled a fresh all-time high at 41,830, and ended 2.2 per cent higher at 41,192. Among other sectors, the NSE Realty index dropped 2.8 per cent, and the Auto index slipped 1.8 per cent. The FMCG and IT indices were down around a per cent each.
Among the Sensex 30 stocks, ICICI Bank zoomed 11.6 per cent to Rs 847 after reporting highest-ever Q2 net profit. The stock alone contributed 549 points to the BSE Sensex and was largely responsible for today's positive close.Axis Bank was the other major gainer, up 3.5 per cent at Rs 846 a day ahead of its Q2 numbers.On the flip side, Bajaj Finsev slipped over 3 per cent to Rs 18,069, and Bajaj Auto shed 2.7 per cent at Rs 3,760. Maruti, HCL Technologies and Asian Paints were the other major losers, down over 2 per cent each.Reliance after testing a high of Rs 2,699, ended a per cent lower at Rs 2,602 despite strong Q2 numbers.
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