Benchmark indices ended higher

1 Sep 2023 , 03:39 PM

The benchmark indices concluded the trading session on September 1 on a positive note, with the Nifty surpassing the 19,400 mark. The day saw buying activity across various sectors, except for the pharmaceutical sector.

As the market closed, the Sensex exhibited a robust performance, gaining 555.75 points or 0.86%, closing at 65,387.16. Simultaneously, the Nifty surged by 181.50 points or 0.94%, reaching a level of 19,435.30. Within this dynamic trading environment, approximately 2103 shares witnessed advances, 1456 shares faced declines, and 108 shares remained unchanged.

Among the top gainers in the Nifty index were prominent names such as NTPC, ONGC, JSW Steel, Tata Steel, and Maruti Suzuki. However, a few stocks in the pharma sector, including Cipla, HDFC Life, Dr. Reddy’s Laboratories, UltraTech Cement, and Nestle India, experienced losses.

The majority of the stocks in both the Sensex and Nifty indices exhibited positive trends during the session. Notably, Tata Steel in the Sensex pack stood out, recording a gain of more than 3%.

Across global markets, many Asian markets displayed positive momentum on Friday. In contrast, European and US shares had witnessed declines during Thursday’s trading session.

On the preceding day, the Sensex had witnessed a decline of 255.84 points, closing at 64,831.41 points, while the Nifty had dipped by 93.65 points, concluding at 19,253.80 points.

Remarkably, all sectoral indices, excluding the pharmaceutical sector, were in the green during the trading session. Key sectors like auto, power, metal, and oil & gas experienced gains ranging from 1% to 2%. Notable active shares on the NSE included HDFC Bank, BHEL, Reliance Industries, MTAR Tech, and Adani Enterprises.