Closing Bell: Markets end marginally higher in a volatile trading session
Benchmark indices closed marginally higher on November 15 amid volatility and selling witnessed in the metal and PSU banking stocks.
Domestic equity benchmark indices ended on a flat note on Monday as gains in Kotak Mahindra, ITC, Power Grid, Tata Consultancy Services and Asian Paints was offset with losses in Reliance Industries, Tata Steel, State Bank of India, ICICI Bank and Larsen & Toubro. During today's trading session, the benchmarks staged a gap opening with Sensex rising as much as 350 points and Nifty moving above its important psychological level of 18,200. But due to profit booking seen at higher levels led to the benchmarks to come down from intraday highs.
At the closing bell on Monday, the Sensex was up 32.02 points or 0.05% at 60718.71, and the Nifty was up 6.70 points or 0.04% at 18109.50. On the market breadth, around 1218 shares have advanced, 2038 shares declined, and 145 shares remain unchanged.
Among the top Nifty gainers for the day were, Power Grid Corp, Cipla, ITC, ONGC and UPL. The top losers of the day were Coal India, Tata Steel, Hindalco, Eicher Motors and JSW Steel.
On a sectoral basis, the healthcare index rose 2%, while metal and PSU bank indices fell over 1% each. In the broader markets, the BSE midcap index was up 0.4% and Smallcap index was down 0.2%.
Trending stocks of the day were market debutants, SoftBank-backed PolicyBazaar's parent PB Fintech, which opened at a premium of 17% to the IPO price. While refined wood pulp maker Sigachi Industries is listed at a 250% premium over its IPO price of Rs 163.
Power Grid was the top Nifty gainer, as the stock rose 3.13% per cent to close at Rs 188. ONGC, ITC, Cipla, UPL, Britannia Industries, Asian Paints, Divi's Labs, Nestle India and Kotak Mahindra Bank also rose between 1-2.5% respectively.
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