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Bulls take control as Nifty tops 18,100; IT, power, realty stocks outperform

Most key sectoral indices closed in green today, while midcap and smallcap indices underperformed broader indices ahead of retail inflation data due later in the day.

November 12, 2021 3:46 IST | India Infoline News Service
Domestic equities snap three-day decline and witnessed sharp recovery towards the second half led by heavyweight financials and IT. Further, recovery in metals and FMCG also contributed to the rally and also thanks to positive global cues. Index heavyweights such as HDFC, Infosys, Reliance Industries Ltd (RIL), Kotak Mahindra Bank, ICICI Bank contributed the most to indices gain

Most key sectoral indices closed in green today, while midcap and smallcap indices underperformed broader indices ahead of retail inflation data due later in the day.

The volatility index softened ~7% today. The Nifty gained ~1% this week amid high volatility, while the market added over Rs5 trillion in investors’ wealth during the week.  

On the Sensex chart, Tech Mahindra was the top gainer, up 4.13% followed by HDFC, Infosys, Bajaj Finserv, Bharti Airtel, Asian Paints, Larsen & Toubro (L&T), RIL.

On the other hand, Bajaj-Auto, Tata Steel, Axis Bank, NTPC, and Power Grid Corporation of India were top losers.

The Sensex was up 767 points or 1.28% at 60,686.69 and the Nifty has jumped 229.20 points or 1.28% at 18,102.80. About 1556 shares have advanced, 1628 shares declined, and 143 shares are unchanged. 

On the sectoral front, the Nifty energy index was up 0.59%. ONGC gained 0.9% ahead of its quarterly results report, whereas the Nifty IT index snapped two straight sessions of losses and gained 0.67% led by Tech Mahindra.

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