Nifty 50 Closes Above 19,100, Sensex Gains 330 Points, Realty, Energy Sectors Lead

 

Sensex and Nifty 50 ended with moderate gains on Monday. The domestic markets gained amid mixed cues from Asian markets and tracking positive US futures. Indian markets opened slightly higher and after initial volatility markets extended their early gains and ended with decent gains.

The sentiments remain positive due to heavy buying in Reliance Industries, Bharti Airtel, Ultratech Cement, and Asian Paints companies’ stocks. Traders were getting encouragement, as India and the UK have reviewed the progress of negotiations of the proposed free trade agreement (FTA), talks for which have reached the final stage. 

Markets also got some support from the NITI Aayog, as the central think tank, is in the advanced stages of finalizing the year-long exercise of developing a 25-year vision to make India a $30 trillion economy by 2047.

 

Sensex and Nifty 50 Today

 

The Nifty 50 index closed higher by 93.65 points or 0.49 percent and closed at 19140.90 levels while the Sensex was up by 329.85 points or 0.52 percent and finished at 64112.65 levels. The Bank Nifty index ended higher by 257.15 points or 0.60 percent on the spot level and closed at 43039.15 levels.

The broader markets also closed marginally higher today, as the Nifty midcap index was up by 33.35 points or 0.09 percent and closed at 38735.20 levels. The Nifty smallcap index ended higher by 18.50 points or 0.15 percent at 12657.80 levels.

 

Nifty 50 Top Gainers & Losers 

 

The top gainers in the Nifty 50 index were BPCL, Ultratech Cement, ONGC, Reliance, and SBI Life, and the top losers were UPL, Tata Motors, Maruti, Axis Bank, and Bajaj Auto.

The top gainers in the Nifty midcap index were Idea, Policy Bazar, and KPIT Technology and the top losers were M&MFin, Petronet, and Dixon.

The smallcap top gainers were  Fin Cables, MRPL, and Intellect while the top losers were Aavas, IndiaMART, and IDFC.

The most active stocks in the Nifty index in terms of value wereReliance, HDFC Bank, and Maruti. The most active stocks in terms of volume were Tata Steel, Tata Motors, and HDFC Bank.

On the sectoral front, Realty, Energy, and Bank closed higher while the sectors that closed in the red were Auto, FMCG. and Media

 

Global Stock Market Updates Today

 

The other Asian stock market indexes mostly recovered their early losses and closed higher on Monday. Nikkei ended lower by 0.96 percent, as investors remain cautious ahead of BoJ’s monetary policy outcome on Tuesday. Australia’s S&P/ASX 200 ended lower by 0.79 percent, and the country’s retail sales data rose faster than expected in September.

South Korea’s Kospi closed higher by 0.33 percent. The Shanghai index recovered early losses and ended slightly higher by 0.12 percent, while Hang Seng also recovered its early losses and closed just above the neutral line. Elsewhere, Taiwan, Straits Times, and SET Composite closed in the green on Monday.

European stock markets are trading higher following the US futures markets and positive cues from Asian markets. Investors are also looking for the inflation data out of Spain and Germany. 

 

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Happy Investing!!

Editorial desk