Share market close on November 22: The local stock market on Wednesday saw a marginal gain for the second day in a row. After the close of business, the Sensex closed up nearly 93 points at 66,023.24 points. While Nifty remained close to 19,812 points with a slight increase of about 30 points.
Yesterday there was a break in the decline
Earlier on Tuesday too, the local market had seen a rise. On the second day of the week, the BSE Sensex gained 275 points to close at 65,930.77 points. Similarly, the NSE Nifty was up 92 points at 19,783.40 points. On Tuesday, the market stopped falling for two consecutive days. On the first day of the week, the market witnessed bearishness. On Monday, the Sensex closed down around 140 points at 65,655.15 points and the Nifty closed down around 37 points at 19,695 points.
IT shares continue to rise
IT stocks continued to rally in today’s trade. IT shares have seen a rally since last week. IT stocks have played the biggest role in pulling the market out of the slump. Today too, IT stocks remained the top gainers on the Sensex. Shares of Infosys closed with a maximum gain of 1.22 percent. IT stocks like Tech Mahindra, TCS and HCL Tech were also profitable. Wipro suffered a minor loss.
Shares like NTPC and Power Grid Corporation also gained more than one percent each. Titan and ITC recorded growth of around 1%.
Banking shares remain under pressure.
On the other hand, banking shares remained under pressure. The biggest losers were shares of IndusInd Bank, which fell more than 2 percent. Banking stocks like HDFC Bank, SBI, ICICI Bank also suffered losses.
Among other stocks, JSW Steel lost 1 percent. Auto stocks like Mahindra & Mahindra, Maruti Suzuki also closed with losses of up to 1 percent.
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