Sensex rises over 200 points, while Nifty goes above 16,300

At 9:27 am, the Sensex rose to 154 points or 0.28% at 54,431.48 whereas the NSE benchmark Nifty50 index was at a better rate by 44.75 points or 0.28% at 16,282.95. The market witnessed heavy IT, auto and FMCG gains. On the other hand, the metal, energy and pharma experienced numerous profit booking.

On Monday, the Indian equity markets have recording moves of other Asian shares, which came out to be almost positive, today.  At 9:27 am, the Sensex rose to 154 points or 0.28% at 54,431.48 whereas the NSE benchmark Nifty50 index was at a better rate by 44.75 points or 0.28% at 16,282.95. The market witnessed heavy IT, auto and FMCG gains. On the other hand, the metal, energy and pharma experienced numerous profit booking.

Amongst the Nifty50 stocks group, M&M has topped the charts by 2.41% followed by Tech Mahindra and Titan, which significantly witnessed an upsurge of 1.48% and 1.47% respectively. Bajaj Finserv, Asian Paints, Bajaj Auto, Hero MotoCorp, IndusInd Bank, HCL Tech, Shree Cements, Wipro, Tata Motors, HUL, ITC, UPL, Britannia, Nestle, TCS, Power Grid Corp, Infosys were eminent gainers in the Nifty ratings, with a rising score of 0.48% and 1.23%.

Hindalco couldn’t get a grip over the Nifty scores and go below 2.40% followed by JSW Steel and Cipla, with a low rating of 0.99% each. Divis Labs, Tata Consumer products, Adani Ports, Reliance Industries, ONGC, Tata Steel, Dr Reddy’s Lab, Sun Pharma, BPCL were the others who joined the lot in low Nifty ratings.

On Friday, the Sensex concluded at 215.12 points or 0.39% lower at 54,277.72 whereas the NSE benchmark Nifty50 index received 56.40 points or 0.35% lower at 16,238.20. The foreign investors sold Indian equities at a whopping Rs 69 crore price in the cash division on a provisional basis and gave away Rs 2390 crore in the futures & options division. This action decreased their net long in index futures to 66% against 69% a day before taking it to an above-average limit percentile of 67%. Domestic institutions purchased Indian equities at Rs 631 crore in the cash market.

Global Markets Scenario

The prominent firms in Asian markets also reported a positive tally, today. Japan’s Nikkei witnessed a surge of 0.33%; China’s Shanghai Composite achieved 0.95%; Taiwan Weighted lose 0.45% whereas the Hang Seng accounted for 0.87%.  South Korea’s Kospi earned 0.11%. However, the US index futures were slightly down today.

Source ET Now News
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