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Share Market: Good start to the week in IT and banking stocks, Cadilla shares jumped due to Zydus Vaccine

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Good start in the stock market, rise in IT, banking stocks.

Mumbai:

There has been a good start in the domestic stock markets on Monday i.e. August 23, 2021. This is the week of monthly expiry. There have been positive signals from global markets, due to which NSE Nifty has opened above 16,550 today. At the same time, the Sensex climbed above more than 400 points in early trade. The market rally was driven by gains in shares of big companies like Reliance Industries, Infosys, HDFC Bank and HDFC.

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In the opening, the Sensex rose 411.04 points or 0.74 percent to 55,740.36 points in early trade. On the other hand, the Nifty of the National Stock Exchange was trading at 16,559.85 points with a gain of 109.35 points or 0.66 percent.

Today the shares of Cadilla Healthcare have risen. The company’s covid vaccine ZyCoV-D has received emergency use authorization from the Drug Controller General, due to which the company’s stock climbed more than 7 percent today.

Among the Sensex companies, HCL Tech’s stock rose the most by two percent. Shares of Bajaj Finance, L&T, Tata Steel, Tech Mahindra, TCS and Reliance Industries were also gainers. On the other hand, shares of POWERGRID and Hindustan Unilever were in losses.

In the previous trading session, the Sensex closed at 55,329.32 points with a loss of 300.17 points or 0.54 per cent. Nifty was at 16,450.50, down 118.35 points or 0.71 per cent.

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