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Bull-run enters 6th day; Sensex soars 617 pts, Nifty ends above 15,100

Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index

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MARKET WRAP | Markets | S&P BSE Sensex

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Bull Markets
Stock market updates: Winning streak extended at the bourses into sixth straight day on Monday as investor optimism stayed elevated. An across-the-board buying helped frontline indices scale fresh record highs in the intra-day trade, before settling at new closing peaks. M-cap of all the listed firms on the also hit record Rs 203 trillion in value.

Among key indices, the benchmark S&P settled tad below the 51,350-mark, at 51,349 levels today, up 617 points or 1.22 per cent, aided by buying in M&M (up 7.4 per cent), Bajaj Finserv, Infosys, Tech M, and Bharti Airtel. On the downside, however, HUL (down 1.5 per cent), Bajaj Finance (down 0.7 per cent), and ITC (down 0.5 per cent) remained top laggards.

Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index.

It's counterpart Nifty50, meawhile, clinched the 15,100-mark on the closing basis and settled at 15,116 levels, up 191.5 points or 1.28 per cent. M&M, Hindalco, Shree Cement, JSW Steel, and Bharti Airtel were among the 40 of the 50 constituents that ended the day in the green. 

The and the Nifty indices hit record peaks of 51,523 and 15,160, respectively.

In the broader markets, small-caps outran their mid and large-cap peers today. The S&P SmallCap index ended 1.53 per cent higher, while MidCap index was up 1.5 per cent at close.

Meanwhile, largely all the Nifty sectoral indices ended the day in the green, barring the Nifty FMCG index (down 0.4 per cent), and the Nifty PSU Bank index (down 1 per cent). On the upside, the Nifty Auto and the Nifty Metal indices were the top gainers (up 3 per cent each).

Global markets
European shares rose on Monday, after their best weekly gain in nearly three months. The pan-European STOXX 600 index rose 0.4 per cent. Frankfurt shares rose 0.6 per cent, outperforming European peers in early trading.

In Asia, shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion Covid-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent. Japan's Nikkei jumped about 2 per cent while Australian shares ended 0.6 per cent higher. Chinese shares advanced with the blue-chip CSI300 index up 1.3 per cent.

(With inputs from Reuters)

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