A victim of stock market flat trading.
New Delhi:
Stock Markets Today: The market opened up on Monday amid mixed global cues, although the market soon fell into a lull and the benchmark index lost its initial gains. Flat trading started in the market around 10:30 AM. Last week, there was a decline in some trading sessions, after which the market was recovered on Friday. Today both the benchmark indices opened with a bounce. The Nifty remained above the 15,200 level.
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The Sensex rose 150.68 or 0.30% at 10.20 am and the index was at 50,691.16. During this time, the Nifty rose by 28.65 points i.e. 0.19% and the index was trading at a level of 15,203.95.
In the opening, the Sensex opened at a level of 50772.49 with a jump of 232.01 points i.e. 0.46%, while the Nifty climbed 43.40 points or 0.29% to open at the level of 15218.70. 1453 shares gained, 357 declined and 88 stocks remained unchanged.
The biggest increase in Sensex was two percent in Powergrid. The focus is on SBI today. Banking index was strengthened by SBI due to better quarterly results in the previous session. Today, SBI, L&T, HDFC Bank, Maruti, Axis Bank and Dr. Reddy’s were also doing business. On the other hand, Titan, M&M, IndusInd Bank and HUL saw a decline. The metal sector is visible in pressure today.
Investors in Asian markets are a bit cautious. Investors are cautious about the US one inflation data regarding the monetary policy. Slow trading was seen on MSCI. At the same time, Japan’s Nikkei registered a growth of 1 percent. South Korea’s indices were running flat.
The Sensex rose 975.62 points or 1.97 percent to 50,540.48 in the previous session and the Nifty closed up 269.25 points or 1.81 percent at 15,175.30. According to provisional data of the stock market, foreign institutional investors (FIIs) bought shares worth Rs 510.16 crore on a gross basis on Friday. Meanwhile, international oil benchmark Brent crude was trading up 0.65 percent at $ 66.78 a barrel.
(With input from language)