Share Market Today: Sensex Gains 200 Points; Nifty Hits 24600 For First Time. Pharma, Banks Rise

Share market today: On the 30-share Sensex platform, NTPC, HCLTech, SBI, UltraCemco, ITC, Tata Motors emerged gainers

Share market today: The two key equity benchmarks, Sensex and Nifty, on Monday are trading in the green, with the NSE Nifty hitting its new all-time high amid fresh foreign fund inflows and positive global trends. At 10.50 am, the BSE Sensex gained 213 points to 80,732. On the other hand, the NSE Nifty50 was trading at 24,580, up 78 points. NSE Nifty crossed 24,600 for the first time in the morning.

Stock update

On the 30-share Sensex platform, NTPC, HCLTech, SBI, UltraCemco, ITC, Tata Motors emerged gainers. On the down side, Asian Paints, Titan, Bajaj Finserv, Reliance, Tata Steel, Axis Bank were among the losers.

In the broader markets, the BSE Midcap advanced 0.47 per cent, while the BSE Smallcap index rose 0.22 per cent.

Sectoral update

Sectorally, Nifty Pharma and PSU Bank indices gained over 1 per cent each, followed by the Nifty IT and FMCG stocks, rising 0.5 per cent each.

In the previous session on Friday, the BSE Sensex jumped 622 points to settle at a record closing level of 80,519, on the other hand, the NSE Nifty50 jumped 186 points to close at a record closing high of 24,502.

Global update

In Asian markets, Seoul and Shanghai were trading higher, while Hong Kong quoted lower. US markets ended in positive territory on Friday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 4,021.60 crore on Friday, according to exchange data.

Global oil benchmark Brent crude climbed 0.20 per cent to $85.20 a barrel.

Rupee falls 4 paise

Meanwhile, the rupee depreciated 4 paise to 83.55 against the US dollar in early trade on Monday, tracking the strength of the American currency in the overseas market and elevated crude oil prices.

Forex traders said a positive trend in domestic equities and significant foreign fund inflows supported the rupee and restricted the fall.

At the interbank foreign exchange market, the rupee opened at 83.53 and lost further ground to trade at 83.55 against the greenback in initial deals, registering a fall of 4 paise from its previous closing level. On Friday, the rupee settled at 83.51 against the US dollar.