Leader Online Desk: Some volatility was seen in the Indian stock market on Thursday (20th). Sensex and Nifty 50, which opened flat, closed higher. A rally in private banking and heavyweight Reliance Industries shares propelled the Sensex gains for the sixth consecutive session. Sensex rose 141 points to close at 77,478. While the Nifty settled at 23,567 with a marginal increase of 51 points.
Hit sell in 'Ya' shares
Selling was seen in auto, pharma and PSU banking shares. While there was an emphasis on buying in metal, capital goods, realty, oil and gas sectors. The BSE Midcap index rose 0.5 percent. Smallcaps closed with an increase of 1 percent.
Boom in 'Ya' heavyweight shares
The market was supported by gains in Reliance and banking heavyweight shares. Shares of JSW Steel, Reliance, Kotak Bank, Tata Steel, Hindustan Unilever, Axis Bank rose the most on Sensex. Shares of Reliance rose 1 percent to Rs 2,964 today. It then settled at Rs 2,950. While shares of Sun Pharma, M&M, Wipro, NTPC, Bharti Airtel, SBI fell.
What is the position on Nifty?
Nifty opened at 23,586 today. It touched the figure of 23,624 in today's trading session. After that Nifty settled above 23,500. Hindalco, Grasim, JSW Steel, BPCL, Adani Ports remained top gainers on Nifty 50. While Hero Motocorp, Sun Pharma, M&M, Wipro, NTPC were the top losers.
Rupee falls to low level
The Indian rupee fell to a low on Thursday. Indian rupee closed at a low of 83.64 per dollar today. The rupee had closed at 83.45 in the previous session. Dollar demand from local importers remains strong, keeping the rupee under pressure.
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