Sensex rises gain while Covid starts to ease –

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New Delhi May 24, 2021: Benchmark indices increase gains to a second straight day on Monday amidst buying interest seen in financial and realty stocks, while the Covid-19 condition improves hinting globally.
A steady fall of the pandemic, and hopes of the lockdown to be lifted soon, encouraged the sentiment of Dalal street.

The 30- share pack Sensex added 111.42 points or 0.22 % to close at 50,651.90 while its peer NSE Nifty advanced to 22.40 points or 0.15% to close at 15,197.70. The trading index rande8 was 391.69 points.

Vinod Nair, Head of Research at Geogit Financial Services: Quarterly earnings were positive, easing asset quality woes, helped banking stocks, midcap & smallcap stocks gain. Moreover, in the Global sector, UK & US manufacturing PMI data record high. Still, investors are awaiting guidance on monetary policy.

From blue-chip stocks, Indian Oil was the top gainer with a rise up to 5.10% and other gainers were BCPL, UPL, SPI, Eicher Motors, L&T, Power Grid, ITC, Coal India, Axis Bank & Dr. Reddy’s Labs.

From the midcap and smallcap with a gain of 6-10%, Lux Industries, Natco Pharma, Century ply were some of the top gainers.
While Nifty smallcap added 1%, midcap rises to 0.67%, the Nifty PSU was the largest gainer with 2.13 % gain, followed by the gain of Nifty Realty & Nifty Media.

Within favor with bulls of the market, the 1,967 stocks ended in a green while, 1,250 counters settles with cute.
London based FTSE had a rise up to 0.24%, Paris and Frankfurt up to 0.05% & 0.44 %, respectively. Even the other countries like Asia China, Taiwan, Japan & Singapore were in the gain area.

Source: Economic Times