Nifty Holds Strong at 20,850; Sensex Marks Sixth Consecutive Gain

5 Dec 2023 , 03:42 PM

On December 5, benchmark indices continued their upward trajectory, marking the sixth consecutive session in the green, with Nifty maintaining its position around 20,850.

At the closing bell, the Sensex recorded a notable rise of 431.02 points, or 0.63%, reaching 69,296.14. Similarly, the Nifty surged by 168.30 points, or 0.81%, settling at 20,855.10. The market witnessed 1611 shares advancing, 1833 declining, and 99 remaining unchanged.

Top Performers and Laggards: Adani Enterprises, Adani Ports, Power Grid Corporation, NTPC, and SBI emerged as the top gainers on the Nifty. Conversely, LTIMindtree, HCL Technologies, Divis Labs, HUL, and Bajaj Auto experienced declines.

Sectoral Trends: The sectoral landscape exhibited a mixed trend. The Power index witnessed a significant surge of 6 percent, while the oil & gas index saw a nearly 2 percent increase. The Bank index also registered a notable gain of 1 percent. On the flip side, the Information Technology and Realty indices faced a marginal dip of 0.5 percent each.

Midcap and Smallcap Movement: The BSE Midcap and Smallcap indices concluded the session with marginal gains, contributing to the overall positive sentiment in the market.