Skip to main content

Sensex Gains 165.9 Points In Early Trade, Nifty Rises To 17,979.45

Equity benchmark indices climbed in initial trade on Monday amid a positive trend in Asian markets. The BSE Sensex climbed 165.9 points to 61,168.47. The NSE Nifty advanced 35.25 points to 17,979.45.

From the Sensex pack, Power Grid, HCL Technologies, ITC, Bharti Airtel, Hindustan Unilever, ICICI Bank, IndusInd Bank, Infosys, Tech Mahindra, NTPC and HDFC Bank were the major winners.

Tata Steel, Wipro, Nestle, Bajaj Finserv, Titan and Bajaj Finance were among the major laggards.

In Asian markets, Japan, South Korea, Hong Kong and China were trading in the positive territory.

The US markets had ended on a mixed note on Friday.

"Markets may log steady gains in early trade on Monday as investors are likely to take cues from the optimism in SGX Nifty and other select Asian peers even as the key US indices closed mixed on Friday," said Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities Ltd.

However, going by the tumultuous ride of the last few weeks, markets may continue to witness a bumpy ride on the back of concerns over further uptick in interest rates and the likelihood of a slowdown in global growth, Mr Tapse added.

The 30-share BSE benchmark had declined by 316.94 points or 0.52 per cent to settle at 61,002.57 on Friday. The Nifty dropped by 91.65 points or 0.51 per cent to end at 17,944.20.

International oil benchmark Brent crude climbed 0.65 per cent to $83.55 per barrel.

Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 624.61 crore on Friday, according to exchange data.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



source https://www.ndtv.com/business/sensex-gains-165-9-points-in-early-trade-nifty-rises-to-17-979-45-3797097
Labels:

Comments

Post a Comment

Popular posts from this blog

Beyond The Bronze Age: Exploring The Dawn Of The Crypto Era

Humanity has witnessed enormous technical advancements throughout history that have moved society ahead in remarkable ways. Each epoch, from the invention of agriculture through the Industrial Revolution, has offered new advances that have shaped the history of civilization. You are now standing at the dawn of the Crypto Era, on the verge of yet another transformational era. The bull run then and now But now, the term bull run or bull market is used to describe a situation in which the price of assets or securities, such as cryptocurrency or stocks, rapidly rises. A crypto bull run is similar to what happens in traditional markets. It often denotes the optimistic hopes of investors seeking to profit from the asset's price appreciation, with the goal of generating big returns on their initial investment. During a bull run, there is a general sense of optimism in the market and an expectation of big gains. In the context of the financial markets, the term bull run is metaphorical
Post a Comment
Read more

Beyond The Bronze Age: Exploring The Dawn Of The Crypto Era

Humanity has witnessed enormous technical advancements throughout history that have moved society ahead in remarkable ways. Each epoch, from the invention of agriculture through the Industrial Revolution, has offered new advances that have shaped the history of civilization. You are now standing at the dawn of the Crypto Era, on the verge of yet another transformational era. The bull run then and now But now, the term bull run or bull market is used to describe a situation in which the price of assets or securities, such as cryptocurrency or stocks, rapidly rises. A crypto bull run is similar to what happens in traditional markets. It often denotes the optimistic hopes of investors seeking to profit from the asset's price appreciation, with the goal of generating big returns on their initial investment. During a bull run, there is a general sense of optimism in the market and an expectation of big gains. In the context of the financial markets, the term bull run is metaphorical
Post a Comment
Read more