- FPIs pull out Rs 4,615 crore from Indian markets in April so far
- US stops short of branding Vietnam, Switzerland currency manipulators
- Markets regulator fines two trading members in NSE co-location case
- Escorts Heart Institute receives Sebi notice in funds diversion case
- Indices eke out slim gains, close lower for the week; Asian Paints up 3%
- Metal & mining stocks big laggard on bourses over the long term
- State-owned power giant NTPC to raise Rs 3,996 cr via bonds next week
- Apparel retailers on weak footing as Covid-related curbs dent sales
- Adani stocks may escape MSCI 'extreme price increase' threshold
- Despite some slowdown, the outlook for IT firms appears reasonable
Weak global cues, high Brent crude cap gains on D-St; Sensex ends 36 pts up
Trends among sectoral indices remained muted with the Nifty PSU Bank, Metal, and IT indices ending up to 1.5 per cent higher on the NSE.
Stock market updates: Amid a jump in Brent crude oil price, which was above the $70 per barrel-mark, and weak global cues, a tug-of-war between bulls and bears kept the markets choppy through the day on Monday. The volatility index, India VIX, cooled-off 3.5 per cent and closed at 24.6 levels even indices traded in the range of 600 points.
Among the headline indices, the frontline S&P BSE Sensex ended at 50,441 levels, up 36 points or 0.07 per cent. The index hit an intra-day high and low of 50,986 and 50,318, respectively. Infosys, L&T, Reliance Industries, Axis Bank, and State Bank of India were the top contriutors towards the index's gains today.
In absolute terms, L&T, ONGC, HCL Tech, Axis Bank, NTPC, and SBI were the top gainers, up between 1.5 per cent and 3.5 per cent on the Sensex while Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Auto, HDFC, and HUL. down up to 2.3 per cent, were the top laggards.
On the NSE, the Nifty50 index closed at 14,956 levels, up 25 points or 0.12 per cent. The advance to decline ratio remained neck and neck with 27 stocks settling the day in the green, as against 23 stocks that declined on the index.
In the broader market, the S&P BSE MidCap and SmallCap indices closed 0.3 per cent and 0.6 per cent higher, respectively.
Trends among sectoral indices remained muted with the Nifty PSU Bank, Metal, and IT indices ending up to 1.5 per cent higher on the NSE. Nifty Realty, FMCG, and Auto indices, meanwhile, ended up to 1 per cent down.
World shares dipped on Monday as the US Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters.
The MSCI world equity index fell 0.1 per cent, as gains in European cyclical and travel stocks were offset by losses in Asia. Chinese stocks posted their biggest decline in seven months, down 3.5 per cent, on concerns that Chinese officials could tighten policy to rein in lofty valuations.
Nasdaq futures fell 2 per cent in early European trade, reversing early gains, while S&P 500 futures fell 1 per cent as investors looked past the benefits of the fiscal package.
(With inputs from Reuters)