Share Market Today: Sensex, Nifty Marginally Higher Amid Volatility. IT Stock Drags
Share market today: On the 30-share Sensex platform, PowerGrid, UltraCemco, NTPC, Axi Bank, Bajaj Finserv, SBI emerged gainers
Share market today: The two key equity benchmarks, Sensex and Nifty, on Monday were trading flat amid volatility. At 10.20 am, the BSE Sensex went up marginally by 137 points to 76,831. On the other hand, the NSE Nifty50 was trading at 23,351, up 61 points.
Stock update
On the 30-share Sensex platform, PowerGrid, UltraCemco, NTPC, Axi Bank, Bajaj Finserv, SBI emerged gainers. On the down side, TechM, Infosys, HCLTech, Wipro, Titan, and HUL were among the losers.
In the broader markets, the benchmarks with Midcap index jumped 1.07 per cent while the Smallcap index rose 1.27 per cent.
Sectoral update
Sectorwise, IT and metal are trading in the negative zone. Nifty IT was the only index trading in red down 1.04 per cent. Power, realty, telecom jumped 1 per cent each.
In the previous session on Friday, the BSE benchmark closed at 76,693, up 1,619 points, while the Nifty50 settled 469 points higher at 23,290.
Global update
In Asian markets, Tokyo quoted in the green, while Seoul traded lower. US markets ended lower on Friday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 4,391.02 crore on Friday, according to exchange data.
Global oil benchmark Brent crude climbed 0.31 per cent to $79.87 a barrel.
Rupee falls 10 paise
Meanwhile, the rupee depreciated 10 paise to 83.50 against the US dollar in early trade on Monday, largely due to the rise in the dollar index and US yields.
Forex traders said uncertainty among market players was down as Narendra Modi was sworn in as Prime Minister on Sunday for a record-equalling third term. However, the strength of the American currency in the international market weighed on the local unit.
At the interbank foreign exchange market, the local unit opened at 83.48 and lost further ground to trade at 83.50 against the greenback, registering a loss of 10 paise from its previous closing level.
On Friday, the rupee appreciated 13 paise to 83.40 against the US dollar.
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