Sensex gains more than 200 Points, while the Nifty trades over 17,200

The benchmarks for Indian equities opened higher on Monday, continuing their fourth straight session of gains.

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The benchmarks for Indian equities opened higher on Monday, continuing their fourth straight session of gains.

Trends on the Singapore Exchange’s Nifty Futures (SGX Nifty) suggested that the domestic indices would begin cautiously.

As China’s official index of factory activity decreased in July, Asian markets were down.

At home, the broad NSE Nifty advanced 85 points or 0.50 percent to trade at 17,243, while the 30-share BSE Sensex rose 226 points or 0.39 percent to 57,796 in early session.

Mid- and small-capitalization shares performed well, with the Nifty Midcap 100 increasing by 0.27 and 0.32 percent, respectively.

The National Stock Exchange’s 15 sector gauges, which were compiled, were trading up on nine of them. The NSE platform was outperformed by the sub-indices Nifty Auto and Nifty Metal, which increased by as high as 1.34 and 0.84 percent, respectively.

In terms of individual stocks, M&M was the highest Nifty gainer, rising 5.91% to ₹1,229.80. The gainers included Cipla, Maruti, Tata Motors, and PowerGrid.

1,833 equities on the BSE were rising while 787 were falling, indicating a healthy market breadth overall.

M&M Maruti, PowerGrid, Reliance Industries, UltraTech Cement, Bajaj Finance, Wipro, Tata Steel, Dr. Reddy’s, Asian Paints, Bharti Airtel, and HCL Technologies were among the top gainers on the 30-share BSE index.

Additionally, shares of Life Insurance Corporation of India (LIC), the largest domestic financial investor and insurer in the nation, increased 0.37 percent to trade at ₹680.35.

Sun Pharma, IndusInd Bank, Hindustan Unilever, Axis Bank, Titan, and TCS, on the other hand, were all trading at a loss.

On Friday, the Sensex increased by 712 points, or 1.25 percent, to close at 57,570, while the Nifty increased by 229 points, or 1.35 percent, to end the day at 17,158.