Nifty sectoral gainers and losers of the day
The S&P BSE Sensex settled at a record high of 37,692, up 136 points, while the broader Nifty 50 index settled at a new high of 11,387, up 26 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 37,805.25 while the Nifty50 index touched its record high level of 11,427.65.
Among individual stocks, Axis Bank, State Bank of India (SBI) and ICICI Bank were among the top gainers in the BSE Sensex, settling higher in a range of 3 -4 per cent. The Nifty PSU Bank index settled over 2.5% higher led by rise in Indian Bank and SBI.
Asian shares pared gains on Monday as Chinese stocks swung into negative territory, dragged lower by the escalating Sino-US trade war, though Beijing’s efforts to stop sharp declines in the yuan helped support the currency.
The monsoon is also likely to play a key role in determining the direction the markets take during the week. The IMD has already forecast that rains will be normal in August and September, boosting growth prospects of the rural economy.
(with Reuters inputs)