Sensex Ends 225 Points Higher; Metal And Banking Stocks Witness Buying

Extending gains to the fourth consecutive session, Indian share markets witnessed buying interest throughout the day today and ended higher.

At the closing bell, the BSE Sensex stood higher by 225 points. Meanwhile, the NSE Nifty stood higher by 52 points.

Axis Bank and IndusInd Bank were among the top gainers today.

SGX Nifty was trading at 11,339, up by 47 points, at the time of writing.

The BSE Mid Cap index and the BSE Small-Cap index ended their day down by 0.2%.

Sectoral indices ended on a mixed note with stocks in the metal sector and banking sector witnessing buying interest.

Meanwhile, healthcare stocks witnessed selling pressure.

Asian stock markets ended on a mixed note today as relations between Washington and Beijing worsened. As of the most recent closing prices, the Hang Seng was up 2.1% and the Shanghai Composite stood lower by 1.2%. The Nikkei ended up by 1.9%.

The rupee is trading at 74.90 against the US$.

Speaking of stock markets, in his latest video, Rahul Shah invites you to a hypothetical stock-picking contest where he builds a penny stock portfolio using his blueprint.

Moving on, market participants were tracking Shree Cement share price.

Shares of the company slipped over 4.5% after its consolidated net profit dropped 13.5% on a YoY basis to Rs 3,303.5 million for the June quarter of FY21.

In comparison, the company had posted a profit of Rs 3,820 million in the year-ago quarter.

In news from the commodity space, domestic gold and silver prices fell today tracking a similar move in global rates.

On MCX, October gold futures fell over 2.5% to Rs 53,520 per 10 grams. Silver futures on MCX fell over 3.5% to Rs 72,500 per kg.

In the previous session, gold prices had edged 0.4% higher while silver had surged 2% or nearly Rs 1,500 per kg.

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