Indian Markets Outpace Global Uncertainties: Sensex Nears 81,800, Nifty Climbs Over 200 Points

On the 30-share Sensex platform, Tata Motors, Adani Ports, and Sun Pharma emerged as the only laggards for the day, while the gainers were dominated by UltraTech Cement, Tech M, TCS, and Infosys.

Sectorally, the Midsmall IT & Telecom and IT indices settled ahead of their peers, jumping 1.68 per cent and 1.57 per cent respectively.

Source : ABPLIVE AI

The Indian stock market ended trading on Monday in the positive territory. After suffering major losses last week, both benchmark indices, Sensex and Nifty, attempted to recover in today’s session.

The BSE Sensex ended trading just under 81,800, climbing more than 650 points, while the NSE Nifty50 settled a little below 24,950, jumping over 200 points. On the 30-share Sensex platform, Tata Motors, Adani Ports, and Sun Pharma emerged as the only laggards for the day. On the other hand, the gainers were dominated by UltraTech Cement, Tech M, HCL Tech, TCS, and Infosys.

In the broader markets, the Nifty Smallcap50 ended with gains of more than 1 per cent. Sectorally, the Midsmall IT & Telecom and IT indices settled ahead of their peers, jumping 1.68 per cent and 1.57 per cent respectively.

Global Markets And Inflation

Asian equities ended Monday on a strong note, with key indices including South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng closing in positive territory. European stocks were also trading higher during the session, while US markets had closed lower on Friday.

Meanwhile, Brent crude prices dipped by 0.81 per cent to touch $73.63 a barrel, reflecting a softening in global oil benchmarks. On the domestic front, wholesale price inflation (WPI) eased to a 14-month low of 0.39 per cent in May, largely due to a decline in food and fuel prices.

Despite ongoing global volatility and rising geopolitical tensions in the Middle East, Indian equity markets continued to show strength. "Despite mounting global uncertainty triggered by escalating tensions in the Middle East, Indian markets remained resilient," said Sundar Kewat, Technical and Derivatives Analyst at Ashika Institutional Equity – Ashika Stock Broking, part of Ashika Group. As per exchange data, Foreign Institutional Investors (FIIs) sold Indian equities worth Rs 1,263.52 crore on Friday.