MARKET UPDATE:Sensex zoomed 326 points to quote at 59,113 levels while the Nifty rallied above 17,600-mark, up 100 points
Published On: Monday, December 13, 2021 | By: Team KnowMyStock
On Dalal street Bulls reigned in early deals this Monday (13th December 2021), mainly due to firm global equities and bargain buying in metal and PSU bank stocks. The S&P BSE Sensex zoomed 326 points, or 0.52 percent, to quote at 59,113 levels. The Nifty50, meanwhile, rallied above the 17,600-mark, up 100 points. This was Nifty's highest level since November 21. Barring Bajaj Finance, all other Sensex stocks were trading with a bullish bias. Power Grid (up 3 percent), Axis Bank, NTPC, ICICI Bank, Sun Pharma, and Asian Paints were the outperforming stocks on the index. In the broader markets, the BSE MidCap and SmallCap indices added 0.66 percent and 0.94 percent, respectively. Individually, shares of PB Fintech (Policybazaar) were down 2 percent as its anchor lock-in period ended today.
Dixon Technologies, on the other hand, was up 4.5 per cent. Global brokerage Jefferies has a "buy" call on the stock with a target price of Rs 6,450.
Among sectors, the Nifty Metal index was up 1.5 per cent, followed by the Nifty Realty index (up 1 per cent). All other sectoral indices were up in the range of 0.4 per cent to 0.9 per cent.
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