Nifty 50 end at 18101, Sensex up 847 pts, IT stocks top gainer

 

Sensex and Nifty 50 at the close today: Indian stock market indexes closed higher on Monday following gains from Asian markets. The Nifty 50 index gained 241.75 points or 1.35 percent and closed at 18101.20 levels while the Sensex closed higher by 846.94 points or 1.41 percent and finished at 60747.31 levels. The Bank Nifty index ended higher by 393.95 points or 0.93 percent on the spot level and ended at 42582.75

The broader markets underperformed the benchmark indices today, as the Nifty midcap index was up by 296.45 points or 0.94 percent and closed at 31716.65 levels. The Nifty smallcap index gained by 53.45 points or 0.55 percent and closed at 9709.50 levels.

 

Nifty 50 top gainers and losers today

 

The gainers in the Nifty 50 index were M&M, TCS, HCL Tech, IndusInd Bank, and Tech Mahindra and the top losers were Titan, Bajaj Finserve, Bajaj Auto, HDFC Life, and Grasim

The gainers in the Nifty midcap index were L&T Finance, Max Healthcare, and  Persistent and the top losers were Vodafone Idea, Trent, and Hind Petro

The smallcap top gainers were Godfrey Philips, KEC Intl, and Ircon International while the top losers were Ceat, Thyrocare, and Bajaj Electric

The most active stocks in the Nifty index in terms of value were Infy, ICICI Bank, and Reliance. The most active stocks in terms of volume were Power Grid, Tata Steel, and ONGC

On the sectoral front, barring consumer durables all other sectors closed in the green. The sectors that rallied today were IT, Metals, Oil & Gas, and PSU Banks

 

Global stock market updates

 

On the global front, Asian markets were closed in green following the broadly positive cues from US markets on Friday, as data showed a drop in U.S. wage growth and a contraction in U.S. service sector activity in the month of December. The sentiments were upbeat, as the economic data released on Friday helped to ease concerns about aggressive policy tightening by the US Federal Reserve. European markets are trading marginally higher tracking gains from Asian peers

 

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Happy Investing!!

Editorial desk