New Delhi, Business Desk. Domestic stock markets closed with gains on Tuesday (October 12, 2021) for the fourth consecutive session. BSE Sensex closed at a record level of 60,284.31 points with a gain of 148.53 points or 0.25% per cent. NSE Nifty closed at the level of 17,992.00 with a gain of 46 points or 0.26%. Titan, Bajaj Auto, Bajaj Finserv, SBI and Hindalco were the biggest gainers on Nifty. At the same time, the biggest losses were seen in the shares of HCL Tech, HDFC Life, Coal India, Tech Mahindra and Shree Cement.
Talking about the sectoral indices, there was a jump of 1-3 per cent in automobile, FMCG, metal and PSU Bank indices. At the same time, the IT index fell by one percent. BSE Smallcap and Midcap Indices closed in the green.
These stocks rose on Sensex
Titan, Bajaj Auto, SBI, Bajaj Finserv, Nestle India, ITC, Axis Bank, Tata Steel, HUL, Kotak Mahindra Bank, IndusInd Bank, Reliance, Asian Paints, Bajaj Finance, Dr Reddy’s, HDFC and L&T are green on BSE Sensex Closed with marks.
Fall in these stocks
Shares of HCL Tech, Tech Mahindra, Ultratech Cement, TCS, M&M, Bharti Airtel, ICICI Bank, Infosys, Sun Pharma, HDFC Bank, NTPC, Powergrid and Maruti closed with red marks on the Sensex.
Vinod Nair, Head (Research), Geojit Financial Services, said, “Weak start to quarterly results of companies and a weak trend in global markets led to selling in IT stocks. However, on hopes of privatization, the stock markets closed higher with buying in stocks of PSU banks as well as consumer goods, metal and auto companies.
He said the rise in commodity prices and the energy crisis has increased the risk of inflation, which has led to a fall in the global market.
Talking about other Asian markets, the stock markets closed with a fall in Shanghai, Hong Kong, Tokyo and Seoul. European stock markets were also seeing a decline in early trading.