Market snaps 3-day fall; BSE Sensex rallies over 375 points

Mumbai, Sep 9 (UNI) India’s benchmark indices snapped three days fall and ended higher as the BSE Sensex on Monday surged over 375 points to close at 81,559.64 following gains in Energy, Technology, Realty, and Oil and Gas stocks despite weak Asian Market.

The National Stock Exchange (NSE) index Nifty also gained 84.25 points and closed at 24,936.40.

Though the equity market remained volatile during the session, buying in the FMCG companies’ shares and oil and gas stocks even as the market opened down 200 points in the opening bell of the stock market.

The Foreign Institutional Investors (FIIs) were net sellers to the tune of Rs 621 crore while the Domestic Institutional Investors (DIIs) had bought equities in the cash segment worth Rs 2121 crore in the last trading session on Friday, according to data available.

The stocks that boosted the market were Oil and Gas by 1.63%, Energy by 1.22%, Technology by 0.37% and Realty by 0.32%.

The Mid-cap slipped 0.28% and the Small-cap by 0.75%. In the 30-scrips BSE Sensex shares of 17 companies advanced and ended in green while that of 13 companies closed in red.

The losers were Hind Unilever by 2.95% to Rs 2922.10, ICICI Bank by 2.43% to Rs 1237.85, ITC by 1.96% to Rs 511.50 and Kotak Bank by 1.59% to Rs 1792.

A negative trend was seen in the Asian Market as Hang Seng slipped by 1.44%, Taiwan Weighted by 1.38%, and Kospi by 0.33%.

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