Market Update: Indian Indices Rise on Global Cues

6 May 2024 , 01:29 PM

Indian benchmark indices traded positively on Monday, taking cues from strong global markets. The Sensex gains 8.98 points or 0.01% to reach 73887, while the Nifty drops 42.80 points or 0.19% to touch 22,434. Market breadth showed 1273 advancing shares, 2533 declining shares, and 173 unchanged shares.

Notable sectoral movements included a 1.8% surge in the Nifty Realty index and losses in sectors like Nifty PSU Bank (down 3.7%), Consumer durables (down 2%), and oil & gas (down 1.5%). The broader market trended negatively, with the BSE SmallCap and BSE MidCap indices both declining by 0.67%.

Among the Sensex stocks, 10 were in the red, with top losers including Titan, NTPC, SBI, Power Grid Corp., and Reliance Industries. Conversely, Kotak Mahindra Bank, TCS, JSW Steel, Sun Pharma, and Infosys were the top gainers.

Nearly half of the Nifty 50 stocks were in the red, with top drags being Titan, Adani Enterprises, NTPC, SBI, and Adani Ports & SEZ. Meanwhile, Britannia Industries, Kotak Mahindra Bank, TCS, JSW Steel, and Sun Pharma led the gainers.

Foreign institutional investors (FIIs) were net sellers of shares worth ₹2,391.98 Crore, while domestic institutional investors (DIIs) infused ₹690.52 Crore on May 3, according to provisional data from the NSE.

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