Amid positive signals from global markets and Boost of auto sector, the Indian stock market is returning brightly. On the second trading day of the week, the Sensex gained 125 points to close at 37,270.82. At the same time, the Nifty rose by 16 points to 11,018.95. The auto sector stock was the biggest during the business. Apart from this, banks, metals and realty stocks were also seen. Let us know that the stock markets were remained closed on Tuesday on the ocassion of Muharram.
13 percent rise in Yes Bank:
At the end of the trading, Yes Bank shares rose more than 13 percent. Actually, there are reports that YES Bank co-founder Rana Kapoor wants to sell his stake and he is in talks with Paytm founder Vijay Shekhar Sharma for this. After this news came to light, Yes Bank’s stock got a surprise. However, Paytm will need to be taken for this with the approval of the Reserve Bank of India (RBI).
Tata Motors up 11 percent
Similarly, Tata Motors gained 10.21 per cent and Maruti’s shares rose 4.18 per cent. Shares of Tata Steel and Vedanta also rose more than 3 percent. Apart from this, the shares of IndusInd Bank, Bajaj Auto, SBI, Hero MotoCorp and Mahindra gained up to two per cent.
Shares of Axis Bank, Asian Paint, Reliance, L&T and HDFC also closed on the green mark. If we talk about declining stocks, ONGC, HCL, NTPC, SunPharma, TCS, PowerGrid and Tech Mahindra are included. Meanwhile, the rupee fell 13 paise to 71.84 rupees per dollar in business. The rupee was at 71.71 per dollar on Monday.