Mumbai: Benchmark Sensex And smelly Heavy buying in index major Reliance Industries and sustained foreign fund inflows led to gains in volatile trade on Monday.
Recovering from Friday’s losses, the 30-share BSE Sensex closed at 65,344.17, up 63.72 points or 0.10 per cent. During the day, it climbed 353.04 points, or 0.54 percent, to 65,633.49.
The NSE Nifty ended 24.10 points, or 0.12 per cent, higher at 19,355.90.
Improving IT counters limited gains ahead of their quarterly earnings announcements.
From the Sensex pack, Reliance Industries was the top gainer, jumping 3.78 per cent, helping the index close in the green. Tata Steel, Bharti Airtel, IndusInd Bank, Kotak Mahindra Bank, UltraTech Cement, ICICI Bank and Tata Motors were the other biggest gainers.
Titan, HCL Technologies, Power Grid, Tata Consultancy Services, Wipro, Hindustan Unilever, Axis Bank and Nestle were among the major laggards.
“Indian equities suffered from broad-based weakness, but benchmarks managed to turn marginally positive, supported by strong buying in heavyweight stocks. The weakness was led by IT stocks, as the sector beat expectations to start the Q1 results season. Ready for. Soft Earnings.
Additionally, cues from US markets are unfavourable, as concerns of another hike in rates remain despite expectations of a sharp cooling in future US CPI inflation data, said Vinod Nair, head of research at Geojit Financial Services.
“The market moved in a narrow range amid mixed signals and closed marginally in the green. Trend was positive in early hours attributed to strong gains in Reliance, however pressure from other heavyweights limited the gains And profit turned lower during the session. Progress was made,” Ajit Mishra, SVP- Technical Research Religare Broking Ltd., said.
In the broader market, the BSE Midcap gauge declined by 0.45 per cent and the Smallcap index by 0.26 per cent.
In the indices, metals rose 1.82 per cent, energy 0.64 per cent, services (0.34 per cent) and commodities (0.24 per cent).
Consumer durables declined by 1.57 per cent, IT by 1.17 per cent, utilities by 1.08 per cent, power by 0.89 per cent and realty by 0.82 per cent.
In Asian markets, Shanghai and Hong Kong closed in the green while Seoul and Tokyo ended lower. Equity markets in Europe were trading in the positive zone. US markets closed down on Friday.
Global oil benchmark Brent crude fell 0.80 per cent to USD 77.84 per barrel.
According to exchange data, foreign institutional investors (FIIs) continued their buying activity and bought equities worth Rs 790.40 crore on Friday.
Recovering from Friday’s losses, the 30-share BSE Sensex closed at 65,344.17, up 63.72 points or 0.10 per cent. During the day, it climbed 353.04 points, or 0.54 percent, to 65,633.49.
The NSE Nifty ended 24.10 points, or 0.12 per cent, higher at 19,355.90.
Improving IT counters limited gains ahead of their quarterly earnings announcements.
From the Sensex pack, Reliance Industries was the top gainer, jumping 3.78 per cent, helping the index close in the green. Tata Steel, Bharti Airtel, IndusInd Bank, Kotak Mahindra Bank, UltraTech Cement, ICICI Bank and Tata Motors were the other biggest gainers.
Titan, HCL Technologies, Power Grid, Tata Consultancy Services, Wipro, Hindustan Unilever, Axis Bank and Nestle were among the major laggards.
“Indian equities suffered from broad-based weakness, but benchmarks managed to turn marginally positive, supported by strong buying in heavyweight stocks. The weakness was led by IT stocks, as the sector beat expectations to start the Q1 results season. Ready for. Soft Earnings.
Additionally, cues from US markets are unfavourable, as concerns of another hike in rates remain despite expectations of a sharp cooling in future US CPI inflation data, said Vinod Nair, head of research at Geojit Financial Services.
“The market moved in a narrow range amid mixed signals and closed marginally in the green. Trend was positive in early hours attributed to strong gains in Reliance, however pressure from other heavyweights limited the gains And profit turned lower during the session. Progress was made,” Ajit Mishra, SVP- Technical Research Religare Broking Ltd., said.
In the broader market, the BSE Midcap gauge declined by 0.45 per cent and the Smallcap index by 0.26 per cent.
In the indices, metals rose 1.82 per cent, energy 0.64 per cent, services (0.34 per cent) and commodities (0.24 per cent).
Consumer durables declined by 1.57 per cent, IT by 1.17 per cent, utilities by 1.08 per cent, power by 0.89 per cent and realty by 0.82 per cent.
In Asian markets, Shanghai and Hong Kong closed in the green while Seoul and Tokyo ended lower. Equity markets in Europe were trading in the positive zone. US markets closed down on Friday.
Global oil benchmark Brent crude fell 0.80 per cent to USD 77.84 per barrel.
According to exchange data, foreign institutional investors (FIIs) continued their buying activity and bought equities worth Rs 790.40 crore on Friday.