Sensex and Nifty 50 gained back all of the ground they had lost earlier and continued to rise due to encouraging trends in international stocks and new inflows of foreign money.
Representative Image (Photo: IANS)
Benchmark indices ended marginally lower on Monday amid the high volatile session due to the Hindenburg report on the SEBI chief.
Sensex and Nifty 50 gained back all of the ground they had lost earlier and continued to rise due to encouraging trends in international stocks and new inflows of foreign money.
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Sensex ended lower by 56.99 points or 0.07% at 79,648.92 level while the Nifty 50 closed at 24,347.00 level, down 20.50 points or 0.08%.
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On BSE, nearly 280 stocks touched 52-week high including Voltas, Jubilant Foodworks, Oil India, Ajanta Pharma, Glenmark Pharma, Coromandel International, Lupin, Muthoot Finance, Colgate Palmolive, GlaxoSmithKline Pharmaceuticals, Inox Wind, GRM Overseas, Stove Kraft, among others.
On Nifty50, shares of Oil and Natural Gas Corporation Ltd (2.59%), Hero MotoCorp Ltd (2.15%), Axis Bank Ltd (1.80%), JSW Steel Ltd (1.53%) and Divi’s Laboratories Ltd (1.46%) ended as top gainers.
Adani Ports and Special Economic Zone Ltd (2.33%), NTPC Ltd (2.16%), Dr. Reddy’s Laboratories Ltd (1.76%), Britannia Industries Ltd (1.59%), and Adani Enterprises Ltd (1.46%) were among the laggards.
Among the sectors, Nifty Realty, Metal, Oil & Gas, Consumer Durable, IT ended in while PSU Banks, Auto, FMCG, and Media ended in red. Nifty Pharma ended flat.
On the broader market front, the Nifty Midcap 100 closed up 0.27%, while the Nifty SmallCap 100 closed 0.19% higher, both outperforming benchmark indices. The fear gauge index, the India VIX closed 3.47% higher.
Shares of railway PSUs surged as the Cabinet Committee on Economic Affairs, chaired by PM Modi approved eight projects of Ministry of Railways with a total estimated cost of Rs 24,657 crore on Friday.
The projects, covering 14 districts, will be implemented in Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana, and West Bengal with the construction of 64 new stations.
Shares of Rail Vikas Nigam Ltd (RVNL), other railway PSUs surged around 8%.
Further the shares of Suzlon Energy surged 5% to reach a multi-year high of ₹80.36 on the NSE.
Suzlon Energy recently surpassed a market capitalization of ₹1 lakh crore, has delivered a 47 percent return in just the past month. It is now trading at its highest level since March 2010.
Most Asian equities rise ahead of this week’s major reports on the status of the US economy, said AP report. US futures were higher and oil prices were rising.
The Shanghai Composite index fell 0.1% to 2,858.20, while Hong Kong’s Hang Seng increased by 0.1% to 17,111.65 Tokyo and Bangkok’s markets were closed on holidays. The Kospi increased 1.2% to 2,618.30 in Seoul.
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