The Sensex rose 237 points thanks to the HDFC twins and HUL; the SmallCap index falls by 3%
The markets were gripped by extreme volatility today, as the main indices — the S&P BSE Sensex and the Nifty50 — bounced in and out of gains and losses throughout the day. Mid- and small-cap stocks, on the other hand, took a beating, with indices falling by up to 3%.
After touching a high of 51,715 and a low of 51,063 intra-day, the BSE Sensex closed 237 points, or 0.46 percent, higher at 51,598 on Monday. The Nifty50 closed at 15,530 on the NSE, up 57 points or 0.37 percent. During the day, the index fluctuated between 15,191 and 15,383. The benchmark indices were up for the first time in seven days.
The heavyweights HUL, HDFC, HDFC Bank, Infosys, TCS, and Asian Paints helped lift the benchmark indices, with gains ranging from 1% to 4%. Tata Steel, RIL, L&T, SBI, and Axis Bank, on the other hand, exerted pressure by sliding up to 4.6 percent.
On the BSE, MRPL, Chennai Petrochemicals, Mirza International, Ramco Systems, Oil India, HAL, JSW Energy, and Tata Power all fell as much as 19%.
The Nifty Metal, Oil and Gas, and PSB indices all fell more than 3%, while the Nifty Metal index fell more than 2%. On the plus side, the Nifty FMCG index increased by about 2%.