Nifty Settles Above 9600 For The First Time Sensex Rises By 81 Points Led By Gains In HDFC, ITC

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Nifty closed higher by 9.8 points at 9,604 levels above the important psychological level 9600 level for the first time ever and Sensex closed higher by 81 points at 31,109 level. Power Grid was the top Nifty gainer closed higher by 3.4% at Rs 209.1 per share whereas Sun Pharma was the top Nifty loser closed lower by 11.45% at Rs 502.6 per share.The index heavyweights HDFC, ITC and Reliance contributed the most to the gains of Nifty and Sensex.

Reliance Communications was in focus in the Monday’s trading session. The stock slipped by over 23% to touch its intraday low of Rs 19.7 per share. It closed lower by 20.38% at Rs 20.5 per share on Monday.

The seven major companies on the bourses namely Housing Development Finance Corporation (HDFC), HDFC Bank, ITC, Hindustan Unilever (HUL), Maruti Suzuki India, Bharat Petroleum Corporation Limited (BPCL) and IndusInd Bank from the Nifty 50 index hit their respective record highs.

Gems and Jewellery sector glittered in today’s trade. PC Jewellers closed at Rs 512.9 per share higher by 13.76%; TBZ closed higher by 2.1% at Rs 93 per share; Gitanjali Gems closed higher by 5.32% at Rs 67.3 per share.

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