Stock market update: Mining stocks up as market rises

Stock market update: Mining stocks up as market rises
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Synopsis

The 30-share BSE Sensex closed up 303.15 points at 60261.18

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Mining shares closed higher in the Friday's session.

Orissa Minerals Development Company(up 5.00%), KIOCL(up 4.80%), Ashapura Minechem(up 3.89%), Dvpt Corporation(up 2.73%), NMDC Ltd(up 2.02%), MOIL(up 1.89%), 20 Microns(up 1.57%) and Coal India(up 0.56%) stood among the top gainers.

Pokarna(down 2.05%), Madhav Marbles and Granites(down 0.92%) and Aro Granite Industries(down 0.61%) were among the top losers of the day.

The NSE Nifty50 index ended 98.4 points up at 17956.6, while the 30-share BSE Sensex closed up 303.15 points at 60261.18.

IndusInd Bank(up 2.09%), Adani Enterprises(up 2.03%), Tata Steel(up 1.99%), Eicher Motors(up 1.89%), Infosys(up 1.56%), ICICI Bank(up 1.49%), Bharat Petroleum Corporation(up 1.46%), Divis Laboratories(up 1.4%), Bajaj Finance(up 1.35%) and UltraTech Cement(up 1.34%) stood among the top gainers in the Nifty pack.

On the other hand, Titan Company Ltd(down 1.2%), Enterprises(down 0.56%), Nestle India(down 0.45%), ITC(down 0.33%), Larsen & Toubro(down 0.29%), Asian Paints(down 0.23%), SBI Life(down 0.21%), Tata Motors(down 0.18%), TATA CONSUMER PRODUCTS(down 0.18%) and Reliance Industries(down 0.16%) closed in the red.
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