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Reliance shares close at 115-day low; market closes strongly on banking sector

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new Delhi. After being under the pressure of Reliance throughout the day, the recovery was seen about two hours before the stock market closed. The Sensex closed up 143 points after HDFC’s quarterly results and the support of shares in other private banks. On the other hand, the Nifty 50 saw a gain of 27 points. Reliance closed down 9 per cent. On the other hand, HDFC shares saw a rise of about 6 percent. IndusInd Bank closed up 7 percent and ICICI Bank and Axis Bank gained more than 6 percent each.

Stock market closed on green mark after three days of decline
After the stock market closed with a fall in the last 3 trading days, the banking sector closed on a fast today on Monday. The Bombay Stock Exchange’s flagship index Sensex gained 143.53 points to end at 39,757.58 points. On the other hand, Nifty 50, the major index of the National Stock Exchange, closed with a gain of 27 points at 11669.15 points. The BSE small cap closed down by 106.19 points. The midcap saw a 54.09 lead. Foreign investors index CNX Midcap closed up 68.70 points.

Also read: Reliance lost about 63 thousand crore rupees in 15 minutes, know the big reason

Booming in banking sector, decline in oil sector
Today, the banking sector has closed today with a sharp rise in the share of private banks. Bank Exchange saw a gain of 1142.59 points and Bank Nifty closed with a gain of 991.60 points. Capital Goods 66.83 and BSE PSU gained by 52.34 points. Talking about the declining sector, the oil sector has seen the biggest drop of 305.71 points after crude oil fell by 5%. BSE Healthcare closed down 147.65 points and IT by 143.79 points. BSE Auto 54.90, Consumer Durables 74.27, BSE FMCG 9.33, BSE Metal 17.44 and BSE Tech 10.42 closed down slightly.

Also read: Petrol and diesel prices may remain in lockdown till March 2021, what is the biggest reason

Rising and falling shares
Today private banks have seen a good boom. Firstly, the shares of IndusInd Bank have seen a gain of 7.28 per cent. While shares of ICICI Bank 6.33 per cent, Axis Bank 6.12 per cent, Housing Development Finance Corporation 6.10 per cent and Bharti Airtel shares have gained 5.45 per cent. On the other hand, today there is a big drop in Reliance shares. Today, Reliance shares have fallen by 8.62 per cent. Shares of Divis Laboratories were down 2.97 per cent, Eicher Motors 2.68 per cent, HCL Technology 2.32 per cent and Bharat Petroleum Corporation 2.27 per cent.

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