Sensex gained 929 points last week
Last week, the 30-share BSE Sensex gained 929.83 points or 2.10 per cent. The Nifty rose 289.60 points or 2.23 percent. It is known that the index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. However according to analysts, further market volatility will continue. Hence investors should be cautious.
Such was the situation of veteran shares
Talking about the big stocks, shares of Adani Ports, UPL, Hindustan Unilever, Bharti Airtel and ONGC closed on the green mark today. SBI Life, Nestle India, Kotak Bank, JSW Steel and Tata Steel closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, all the sectors, except realty, closed on the green mark. These include banks, IT, private banks, finance services, PSU banks, FMCG, pharma, media, auto and metal.
Market capitalization of six Sensex top 10 companies increased
Last week, the market capitalization (market cap) of six of the top 10 Sensex companies increased by Rs 91,629.38 crore. ICICI Bank and Tata Consultancy Services (TCS) were the biggest gainers. During the week, the market capitalization of Reliance Industries, TCS, Hindustan Unilever, Infosys, ICICI Bank and Bharti Airtel increased. On the other hand, market capitalization of HDFC Bank, HDFC, Kotak Mahindra Bank and Bajaj Finance declined.
NTPC to repurchase Rs 4,000 crore spice bond
State-owned power utility NTPC has offered to buy back Rs 4,000 crore masala bonds from its bondholders or lenders. Spice bonds are issued out of the country in Indian rupees. NTPC has offered to buy back the Rs 4,000 crore spice bond. The company said in a statement on Monday that under this offer, on August 10, 2016, 7.375 per cent notes of Rs 2,000 crore issued in rupee value will be repurchased. These bonds are to be repaid on 10 August 2021 (2021 notes).
Market was open on the edge
The stock market opened marginally in early trade on mixed global cues. The Sensex opened at 45115.85, up 36.30 points (0.08 per cent). At the same time, the Nifty opened at 13268.80 with a gain of 10.30 points (0.08 per cent) in early trade.
Market was closed on Friday on the rise
On Friday, the stock market recorded a strong rally. Sensex-Nifty touched new heights. The Sensex was up 446.90 points to close at 45079.55, up by 1.00 per cent. At the same time, the Nifty closed at the level of 13258.55 with a gain of 0.95 per cent (124.65 points).