Indian equity indices closed higher on Monday, with the Sensex ending the day above the 50,000 mark and the Nifty above the 15,000 mark. Strong buying interest witnessed in financial stocks, particularly PSU banks. Select Metal and FMCG shares see selling pressure. SBI, Larsen, Axis Bank, ITC, and Maruti Suzuki were among the top Sensex gainers, while the Titan Company, IndusInd Bank, HUL and UltraTech Cement were laggards.
The BSE Midcap and Smallcap indices touched a new record high level of 21,717 and 23,338 respectively.
Benchmark indices settled higher on Monday as US stock futures suggested a positive start on Wall Street later today. The Dow Jones Futures were last up to around 150 points, or 0.4 per cent, while the Nasdaq and S&P 500 Futures gained 0.6 per cent and 0.5 per cent, respectively.
Trade-in European markets such as Germany, Denmark, Norway, Belgium, Switzerland and Austria were closed for a public holiday. France’s CAC 40 increased by 0.16 per cent and Britain’s FTSE 100 rose by 0.3 per cent early trade. As regards Asia, major indices in China, Japan, and Australia gained between 0.2 per cent and 0.4 per cent.
The BSE Sensex and Nifty 50 increased 0.22 and 0.15 per cent respectively. The Sensex of the Bombay Stock Exchange closed above the 50,650 level while Nifty50 of the National Stock Exchange settled at the 15,197 mark. The Sensex gained 111 points to trade at 50,651 and the Nifty50 rose by 22 points to trade at 15,197.
In Nifty50 shares, 26 shares out of 50 companies closed on the green side of the market. The IOC is the top performer as it gained 4.94 per cent, followed by SBI which rose by 2.70 per cent, BPCL surged 2.56 per cent, Larsen, Axis Bank and Power Grid Corp also closed on the green side of the market. On the other hand, 24 stocks out of 50 Nifty50 shares closed on the red side. Shree Cements declined 2.58 per cent, JSW Steel fell 2.40 per cent. Tata Steel, Britannia, Tata Consumer production also declined and closed on the red side of the market.
Small-cap and Mid-cap Indices
The Nifty Midcap-100 index surged 0.67 per cent and the Nifty Smallcap-100 index rose 1.00 per cent. In Nifty Midcap 100, Natco Pharma gained 9.40 per cent, Hudco rose 4.70 per cent, Adani Green Energy, Castrol and Yes Bank also surged, while Oberoi Realty, Torrent Power and Trent declined. In Nifty Smallcap-100, HEG gained 10.00 per cent. On the other hand, Ircon International fell 4.00 per cent, Balrampur Chini, NCC, India Cement declined.
In NSE sectoral indices, all 14 out of 17 sectors surged. The Nifty PSU Bank was the top performer as it gained 2.13 per cent, NSE PSE rose 1.79 per cent, followed by Nifty Realty increased by 1.36 per cent. On the other hand, Nifty Metal, Nifty FMCG and Nifty Consumption declined.