Major announcements have been made regarding GST reforms in the country, and their impact was visible on the Indian stock market during early trading. As the market opened, both benchmark indices — Sensex and Nifty — witnessed a strong rally, but this initial surge slowed down by the time the market closed. However, both indices still managed to end in the green for the second consecutive day. The BSE Sensex closed with a gain of 150.30 points, while the NSE Nifty ended just 19 points higher. Interestingly, Sensex had jumped over 600 points during the opening session.
Sensex closes below 80,000 mark
At the opening bell, the BSE Sensex started at 81,456.67, compared to the previous close of 80,567.71, showing a strong upward movement. It continued to trade in the higher range for most of the session. However, in the last trading hour, the momentum weakened sharply, and the index slipped to an intraday low of 80,608.94. Eventually, it closed at 80,718.01, registering a gain of 150.30 points.
Nifty mirrors Sensex movement
Similar to the Sensex, the NSE Nifty also witnessed a volatile session. It opened at 24,980.75, compared to its previous close of 24,715.05, showing a rise of more than 250 points during early trade. However, this gain gradually eroded, and the index managed to close just 19.25 points higher at 24,734.30.
Top 10 gainers of the day
In the large-cap segment, the following stocks closed with strong gains:
- Mahindra & Mahindra (+5.96%)
- Bajaj Finance (+4.28%)
- Bajaj Finserv (+1.98%)
- Trent (+1.35%)
- ITC (+1.06%)
In the mid-cap category, these stocks performed well:
- Gillette (+4.33%)
- Emami Ltd (+3.95%)
- Jubilant FoodWorks (+3.19%)
- Thermax (+2.43%)
- IDFC First Bank (+2.41%)
Also Read: GST New Rules: GST Rules Will Change from April 1, Know How It Will Impact Your Pocket
Top losers of the day
Despite the overall positive market sentiment, several stocks faced heavy selling pressure.
Large-cap losers:
- Maruti Suzuki (-1.78%)
- BEL (-1.61%)
- HCL Tech (-1.57%)
- NTPC (-1.24%)
- Infosys (-1.08%)
Mid-cap losers:
- Olectra Greentech (-6.34%)
- Paytm (-3.65%)
- Exide Industries (-3.14%)
- FirstCry (-2.90%)