Indian markets kick-started this week’s trading session on a bullish note led by positive global cues. Benchmarks Sensex made a stellar upside by adding nearly 300 pts in early deals, while Nifty 50 also added nearly 90 points on Monday. The Mid Cap and SmallCap stocks outperformed. Meanwhile, IT and metal stocks led the bull charge with significant contributions made by auto, realty, pharma stocks in the winning streak.
At around 09.40 am, Sensex was trading at 60,006.60 higher by 213.46 points or 0.36%. Nifty 50 performed at 17,908.95 up by 75.60 points or 0.42%.
In the early deals, Sensex hit intraday high of 60,111.38. Whereas, the Nifty 50 has hit an intraday high of 17,925.75.
In terms of broader markets, the BSE SmallCap surging more than 220 points. Also, large-cap stocks drove the performance.
In terms of sectoral indices, on NSE, the IT index skyrocketed nearly 500 points. The metal index soared nearly 1%. The pharma and auto index surged marginally while Bank Nifty was trading flat but in the green.
The top bulls on Nifty were – Tech Mahindra soaring 2.75% followed by Adani Ports climbing 2%. Tata Steel, Infosys, Hindalco jumped more than 1.4% each.
Benchmark heavyweight TCS and RIL also surged around 1.3 and 0.7% respectively adding further to the upside.
Stocks like Wipro, UPL, Eicher Motors, Tata Consumers advanced 1.5-1.6%.
Top bears on Nifty were – Shree Cements, Asian Paints, HDFC Life, HDFC and Kotak Bank dived marginally.
On the global front, US markets end the week with sharp gains as Dow Jones closes higher by 340 points while Nasdaq jumps over 2.11% to close higher by 250 points.
Today, Asian markets opened in the green led by the Japanese “Nikkei’ which as trading higher by over 350 points in early trade. ASX & Taiwan also saw gains as weakness in US$ bodes well for Asian stocks.
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