CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Indian markets rise as traders pick banking stocks

By Munikoti Rochan

11:51, 25 October 2021

The Bombay Stock Exchange building in Mumbai, India
Real estate stocks declined on NSE India – Photo: Shutterstock

Indian shares ended a four-session losing streak to finish higher on Monday as market players favoured both private and government-run banks.

The Nifty 50 Index ended 0.06% higher at 18,125.40 points, while the S&P BSE SENSEX closed 0.24% higher at 60,967.05 points.

The Nifty Private Bank, the Nifty Bank, and the Nifty Public Sector Undertaking (PSU) Bank indices rose 2.16%, 2.15% and 1.10% respectively.

However, real estate stocks declined. The Nifty Realty Index, a basket of 10 builders including Macrotech Developers, fell 2.77%.

Winners and losers

The Indian rupee was trading 0.14% lower to the US dollar, to INR75.10, at late afternoon India time.

On the Nifty, shares of India’s second-largest private lender ICICI Bank, rival Axis Bank and the state-run Oil and Natural Gas Corporation (ONGC) were the biggest gainers, adding 11.52%, 3.47% and 2.71% respectively.


139.50 Price
-0.320% 1D Chg, %
Long position overnight fee 0.0105%
Short position overnight fee -0.0188%
Overnight fee time 21:00 (UTC)
Spread 0.010


1.24 Price
0.000% 1D Chg, %
Long position overnight fee -0.0061%
Short position overnight fee -0.0021%
Overnight fee time 21:00 (UTC)
Spread 0.00013


1.07 Price
+0.100% 1D Chg, %
Long position overnight fee -0.0096%
Short position overnight fee 0.0014%
Overnight fee time 21:00 (UTC)
Spread 0.00006


173.56 Price
-0.360% 1D Chg, %
Long position overnight fee 0.0085%
Short position overnight fee -0.0168%
Overnight fee time 21:00 (UTC)
Spread 0.028

State-owned fuel retailer Bharat Petroleum Corporation (BPCL), insurance provider Bajaj Finserv and the SBI Life Insurance Company were the biggest losers, shedding 3.32%, 3.26% and 2.93% respectively.

Meanwhile, on the SENSEX, shares of ICICI Bank, Axis Bank and pharmaceutical major Dr Reddy’s Laboratories (DRL) were the top gainers, adding 10.8%, 3.45% and 0.85% respectively.

Bajaj Finserv, two- and three-wheeler giant Bajaj Auto and software exporter HCL Technologies were the top losers, shedding 3.04%, 2.6% and 2.36% respectively.

Coforge ends lower

Software developer Coforge’s shares traded 6.15% lower at INR5065.65 on the NSE, despite the Greater Noida-based company’s strong quarterly results and dividend announcement.

Coforge, formerly known as NIIT Technologies, reported a near 23% year-over-year increase in profit after tax to $19.9m (£14.5m) for the quarter through September and declared an interim dividend of INR13 per share, according to a media statement.

Read more: Tata Consumer Products logs double-digit Q2 revenue growth

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading