Market on Monday | Nifty rises for a third day to reclaim 25,000, Sensex higher on IT, pharma, banking rally
The stock market started the week on a positive note with the benchmark Nifty 50 extending gains for a third consecutive session on October 6, closing above the 25,000 level, led by IT and financials.
The indices started the day on a positive note and saw extended buying to take Nifty 50 past 25,000, settling near the day’s high of 25,095.95. At close, the Sensex was up 582.95 points or 0.72 percent at 81,790.12, and the Nifty was up 183.40 points or 0.74 percent at 25,077.65. The BSE midcap index rose 0.7 percent while smallcap index ended marginally lower.
The biggest gainers on the Nifty 50 index were Max Healthcare, Shriram Finance, Apollo Hospitals, TCS, Tech Mahindra, while losers included Tata Steel, Adani Ports, Power Grid Corp, ITC and NTPC.
Among sectors, the IT index rose by 2 percent, healthcare index rose by one percent, private bank index up 1.2 percent, oil & gas index up 0.7 percent and PSU Bank index was up 0.4 percent, while metal, media, FMCG, down 0.3-0.9 percent.