On Thursday, the weekly expiry day, the stock market traded in a range, with the Sensex closing 143 points higher at 82,001 and the Nifty closing 33 points higher at 25,084. Pharma, oil & gas, and realty shares were up, while midcap and smallcap stocks showed pressure.
Closing Bell: On the weekly expiry day, Thursday saw range-bound trading in the Indian stock market. At the end of the day, the Sensex closed 143 points higher at 82,001 and the Nifty closed 33 points higher at 25,084. The Nifty Bank closed flat, while midcap and smallcap shares were under pressure. Buying was seen in the pharma, oil & gas, and realty sectors. Reliance Industries supported the Nifty the most.
Pharma Sector Rises
At the sectoral level, the pharma, oil & gas, and realty indices saw good gains. Due to investor activity in pharma stocks, shares like Cipla and Dr Reddy’s Labs were among the top gainers on the Nifty.
Investor interest remained in the oil and gas sector as well, leading to gains in the related index. The realty sector also saw positive movement in its index due to buying activity.
Performance of Key Stocks
Reliance Industries supported the Nifty the most and closed with a gain of 1 percent. Due to some weak performance in the financial sector, the Nifty Bank closed flat. AB Capital and L&T Finance recorded gains of 2 to 3 percent respectively.
PG Electroplast, which was included in the F&O ban, ended the trading session with a gain of 4 percent. On the other hand, BSE and Angel One saw a decline of 7 percent following the recent statement by the SEBI Chairman.
Mixed Trend in the Market
Ola Electric saw a decline of 8 percent on Thursday after a rally in the previous two sessions. Positive news regarding the disinvestment process of IDBI Bank led to the stock gaining 8 percent. Nava saw buying with b volumes and closed with a jump of 13 percent.
In the QSR sector, Swiggy and Jubilant Food finished the trading session with gains of about 3 percent. Thus, a mixed impact of both gains and losses was seen in every share in the market.
Closing Levels of Sensex and Nifty
After a day's trading, the Sensex closed 143 points higher at 82,001. The Nifty recorded a gain of 33 points and closed at 25,084. The Nifty Midcap Index finished trading at 57,709, up 222 points. The Nifty Bank Index closed with a slight gain of 57 points at 55,755.
Gains in Pharma, Realty, and Oil & Gas
While a b buying trend was seen in the market, profit-booking in some stocks created pressure. Investor interest in the broader market remained somewhat limited.
Overall, Thursday's session ended in the green despite the weekly expiry. Investors took advantage of opportunities with caution. Gains in the pharma, realty, and oil & gas sectors kept the market positive.
