The stock market began positively on Friday, December 27, supported mainly by gains in banking stocks
The stock market began positively on Friday, december 27, supported mainly by gains in banking stocks. This was a sharp shift from the previous trading day, which ended mostly unchanged after Christmas. At 9:30 AM, the benchmark BSE Sensex rose by 298.06 points or 0.38%, hitting 78,770.54. In the same vein, the broader NSE Nifty increased by 88.10 points or 0.37%, reaching 23,838.30.
Which stocks saw the largest increases? Among the 30 constituents of the Sensex, Tata Motors recorded the highest gain of 1.87%, trading at ₹754.65. It was followed by IndusInd bank, which rose by 1.48%, trading at ₹945.90, and mahindra & mahindra Ltd, which increased by 1.47%, trading at ₹3,020.50.
Which sectors performed best? Among the Nifty Sectoral Indices, Nifty Pharma showed the most improvement, rising by 0.49% to reach 22,824.95. Nifty Private bank trailed closely behind, up by 0.48% at 24,917.30, while Nifty bank rose by 0.46%, reaching 51,406.25.
How did the stock market fare on the previous day? This movement comes after the markets closed virtually unchanged at the end of the trading session on Thursday, december 27, 2024. The Sensex ended just 0.39 points down, closing at 78,472.48, reflecting a 0.00% change. Meanwhile, the Nifty finished up 22.55 points or 0.1%, concluding at 23,750.20.
The stock market began positively on Friday, december 27, supported mainly by gains in banking stocks