Stock Market: Sensex Trades With Slim Gains, Nifty Above 19,300 Amid Mixed Global Cues. Jio Financial Services Lists Today

Stock Market Today India: On the 30-share Sensex platform, NTPC, Axis Bank, Tata Motors, Airtel, HCL, Nestle, TCS were among the early gainers

The two key equity benchmarks, Sensex and Nifty, on Monday were trading with mild gains. The domestic indices opened flat tracking mixed global trends. At 9.50 am, the BSE Sensex was up 74 points to 65,022. On the other hand, the NSE Nifty was trading at 19,324, up 15 points.

On the 30-share Sensex platform, NTPC, Axis Bank, Tata Motors, Airtel, HCL, Nestle, TCS were among the early gainers. On the downside, Reliance, M&M, HUL, Bajaj Finserv, L&T, Maruti, SBI emerged in the red. Among specific stocks, shares of PNB Housing Finance jumped 6 per cent after it fully recovered corporate non-performing account of Rs 784 crore. Shares of KEC International surged 5 per cent on bagging new orders worth Rs 1,007 crore across various businesses.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices climbed up to 0.6 per cent.

Sectorally, apart from Nifty Media index, all other sectors were trading in the positive zone. Nifty Metal index led the charge, rising up to 0.8 per cent.

In the previous session on Friday, the S&P BSE Sensex closed at 64,949, down 202 points, while the NSE Nifty50 settled at 19,310, down 55 points.

"Since the developments in the US economy are the main influences on the market, all eyes will be on the Fed chief Jerome Powell’s speech at the Jackson Hole Symposium on Friday," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.

In Asian markets, Seoul, and Tokyo were trading in the green, while Shanghai and Hong Kong quoted lower. The US markets ended on a mixed note on Friday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 266.98 crore on Friday, according to exchange data.

Global oil benchmark Brent crude climbed 0.81 per cent to $85.47 a barrel.

Meanwhile, the rupee recovered from its all-time low levels and appreciated by 5 paise to 83.05 against the US dollar in early trade on Monday tracking a positive trend in domestic equities. Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and a rising US dollar.

At the interbank foreign exchange, the domestic unit opened at 83.10, then touched a high of 83.05 against the American currency, registering a rise of 5 paise over its last close. On Friday, the rupee edged lower by 1 paisa to settle at an all-time low of 83.10 against the US dollar, weighed down by a negative trend in domestic equities, and foreign fund outflows.