Share Market Today: Sensex, Nifty Marginally Higher Amid Volatility. Power, Metal Stocks Rise

Share Market Today: On the 30-share Sensex platform, NTPC, Tata Steel, Reliance, SBI, Titan, JSW Steel emerged early gainers

Share market today: In the broader markets, Nifty Smallcap advanced 1 per cent while Midcap gained 0.41 per cent higher.

Source : PTI

Share market today: The two key equity benchmarks, Sensex and Nifty, on Monday opened in the green tracking strong global trends. At 10.15 am, the BSE Sensex was trading marginally higher by 76 points to 80,513. On the other hand, the NSE Nifty50 jumped 40 points to 24,581.   

Stock update

On the 30-share Sensex platform, NTPC, Tata Steel, Reliance, SBI, Titan, JSW Steel emerged early gainers. On the down side, M&M, Axis Bank, Airtel, Tata Motors, ICICI Bank, and Nestle were among the losers.

In the broader markets, Nifty Smallcap advanced 1 per cent while Midcap gained 0.41 per cent higher.

Sectoral update

Sectorwise, power, oil & gas, metal, PSU bank, and media stocks gained 1 per cent each.

In the previous session on Friday, the Sensex jumped 1331 points to settle at 80,437, while the NSE Nifty50 gained 397 points to 24,541.

"The complete dominance of the DII and retail investors over the market is the single major factor driving this bull run even though there are fundamental factors supporting the rally," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global update

In Asian markets, Shanghai, and Hong Kong quoted higher while Seoul and Tokyo traded lower. The US markets ended in the positive territory on Friday.

Foreign Institutional Investors (FIIs) turned buyers on Friday as they bought equities worth Rs 766.52 crore, according to exchange data. Domestic Institutional Investors (DIIs) bought equities worth Rs 2,606.18 crore on Friday.

Global oil benchmark Brent crude dipped 0.19 per cent to $79.53 a barrel.

Rupee rises 11 paise

The Indian rupee appreciated 11 paise to 83.84 against the US dollar in early trade on Monday, mirroring a positive momentum in domestic equities and fresh foreign fund inflows. Forex traders said the weakening of the American currency in the overseas market and retreating crude oil prices also supported investor sentiments.

At the interbank foreign exchange, the rupee opened at 83.88 against the greenback, then gained ground and touched 83.84, registering a gain of 11 paise over its previous close. On Friday, the rupee moved in a tight range and settled just 1 paisa lower at 83.95 against the American currency.