Sensex and Nifty ended higher on Monday after going through a range bound trading session. BSE Sensex gained 116.76 points or 0.36% to close at 32,506.72 points and NSE Nifty added 38.3 points or 0.38% to finish at 10,184.85 points. During the day, benchmark Sensex traded in a range of 32,312.74 – 32,614.89 while Nifty hovered between 10,124.5 and 10,224.15 points. The upsurge in the shares of Reliance Industries, ICICI Bank, and Bharti Airtel helped the indices to close higher.
Shares of Bharti Airtel was the lead gainer on both BSE and NSE, hit a fresh 52-week high rising as much as 5.8% to Rs 501.45 before closing 4.99% up at 497.5 on BSE. About 1.38 crore shares of Airtel exchanged hands on both the bourses. While the stock of Reliance Industries hit a fresh all-time high, jumped 3.64% to Rs 943.45 before settling up 3.05% at Rs 938.1. Reliance Industries — the largest company by market cap — is just Rs 6,000 crore away from hitting Rs 6 lakh crore market capitalisation. As per today’s close, its market capitalisation stood at Rs 5,94,078.91 crore.
Shares of Adani Ports, Hero MotoCorp, Wipro, Infosys, Maruti Suzuki, and SBI were the other major gainers on Sensex, advanced up to 1.82% while Axis Bank extended the losses, closed down 2.27% at Rs 449.9. The stocks of heavyweight companies such as RIL, Airtel, ICICI Bank, Infosys, HDFC Bank, SBI, and Maruti Suzuki contributed the most to the Sensex gains. Collectively these seven stocks alone added about 233 points to the index while HDFC, ITC, Kotak Mahindra Bank and Axis Bank capped the gains, shaved off about 110 points.
Even on Diwali Muhurat trading session, domestic institutional investors (DIIs) emerged as the net buyers, bought shares
worth a net Rs 40.78 crore while foreign portfolio investors (FPIs) sold shares worth a net Rs 43.74 crore last Thursday. After a half-week long Diwali-holiday break, Sensex started at 32,411.86 points, tracking a firm trend at other Asian markets.