Indian markets in green

27 May 2024 , 01:40 PM

On Monday, Indian benchmark indices exhibited a positive trend, echoing the gains seen in Asian markets. The Sensex surged by 514 points, representing a 0.68% increase, reaching 75,924. Meanwhile, the Nifty climbed by 130 points, or 0.57%, settling at 23,087. The broader market also showed signs of strength, with the BSE MidCap index rising by 0.97% and the BSE SmallCap index edging up by 0.16%.

Among the Nifty 50 stocks, 16 out of 50 were observed to be trading in the red zone. Notable decliners included Wipro, ONGC, Eicher Motors, Adani Enterprises, and Grasim Industries. Conversely, the top gainers on the Nifty 50 included Divi’s Laboratories, IndusInd Bank, HDFC Bank, Adani Ports & SEZ, and Larsen & Toubro.

Similarly, on the BSE Sensex, seven out of 30 stocks experienced declines, with Wipro, NTPC, Maruti Suzuki India, Mahindra & Mahindra, Reliance Industries, Sun Pharma, and JSW Steel being the primary detractors. Conversely, IndusInd Bank, HDFC Bank, TCS, Larsen & Toubro, and ICICI Bank emerged as the top gainers on the Sensex.

In terms of investor activity, foreign institutional investors (FIIs) were net sellers, offloading shares worth ₹944.83 Crore on May 24, according to provisional data from the National Stock Exchange (NSE). Conversely, domestic institutional investors (DIIs) displayed confidence in the market, pumping in ₹2,320.32 Crore on the same day, as indicated by NSE provisional data.

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