Nifty Index up 126 pts, Sensex gains 491pts today
Sensex and Nifty Index today: It was a negative start for the Indian stock markets on Monday tracking weak global cues. The nifty index opened at 17144.80 levels down by 40.9 points while Sensex made a negative opening of 167.47 points at 57752.50 levels. The benchmark indices turned positive soon after the negative opening and later closed in the positive zone.
Stock Market News and Updates Today:
Firm trade continued over Dalal Street throughout the day, with both Sensex and Nifty traded above their psychological levels, despite weak cues from other Asian markets. The market Sentiments were upbeat with a private report stating that an overwhelming majority of multinational companies (MNCs) operating in India feel that the country’s economy will perform well over the next 3-5 years, backed by the strong momentum in domestic consumption, services, digital economy and infrastructure
Traders were relieved after the State Bank of India Chairman Dinesh Khara said that the impact of a global recession, which is increasingly being feared by the International Monetary Fund and the World Bank, is unlikely to be as pronounced in India as compared to other countries.
On the global front, the other Asian market indices were mostly closed in the green on Monday, after the latest data showed that Japan`s industrial production expanded more than initially estimated in August. European markets are trading in the green, as all eyes are firmly on an emergency fiscal statement by new British Finance Minister Jeremy Hunt in a bid to quell turmoil in UK bonds and reassure markets.
Sensex and Nifty Index Today
The Nifty index was up by 126.10 points or 0.73 percent and closed at 17311.80 levels while the Sensex gained by 491.01 points or 0.85 percent and finished at 58410.98 levels. The Bank Nifty index ended higher today by 614.85 points or 1.56 percent on the spot level and ended at 39920.45
The broader markets underperformed as compared to the benchmarks today, as the Nifty midcap index gained by 48.20 points or 0.16 percent and closed at 30572.65 levels. The Nifty smallcap index closed higher today by 42.70 points or 0.45 percent at 9561.15 levels.
Nifty 50 Index top gainers and losers today
The top gainers in the Nifty 50 Stocks were SBI, NTPC, Bajaj Finserve, ICICI Bank, and Axis Bank and the top losers were Hindalco, Larsen, JSW Steel, HCL Tech, and Wipro
The top gainers in the Nifty midcap index were City Union Bank, Canara Bank, and Bank of Baroda, and the top losers were Tata Elxsi, Oberoi Realty, and Navin Fluorine.
The smallcap top gainers were IRB Infra, Godfrey Phillip, and Indian Bank, while the top losers were Alok Industries, Heidelberg Cem, and Future Retail
The most active stocks in the Nifty index in terms of value were Reliance, HDFC Bank, and HDFC. The most active stocks in terms of volume were Tata Steel, NTPC, and SBI
On the sectoral front, PSU Bank, Pvt Banking, Financial Services, Auto, and Energy closed in the green today. The sectors that closed in the red were Metals, Media, and Realty
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