Share Market Today: Sensex Rises 993 Points, Reclaims 80K; Nifty Ends Above 24,200

On the 30-share Sensex platform, L&T, SBI, Adani Ports, HDFC Bank, ICICI Bank, PowerGrid emerged gainers. JSW Steel, TechM, Asian Paints, Infosys, Maruti, HCLTech were among the losers

In the broader markets, the Nifty Smallcap100 and Nifty Midcap100 indices closed higher by 2.03 per cent and 1.61 per cent, respectively.

Source : PTI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Monday extended their leads and ended the session on a positive note, rising over 1 per cent each, helped by a rally in blue-chip stocks and the BJP pulling off a stunning performance in Maharashtra Assembly polls. The BSE Sensex gained 993 points to close at 80,109. During the day, it zoomed 1,356 points to 80,473. On the other hand, the NSE Nifty50 jumped 315 points to 24,222.

Stock update

On the 30-share Sensex platform, L&T, SBI, Adani Ports, HDFC Bank, ICICI Bank, PowerGrid emerged gainers. On the down side, JSW Steel, TechM, Asian Paints, Infosys, Maruti, HCLTech were among the losers.

In the broader markets, the Nifty Smallcap100 and Nifty Midcap100 indices closed higher by 2.03 per cent and 1.61 per cent, respectively.

Sectoral update

All sectoral indices closed in positive territory on Monday, with the Nifty PSU Bank index leading the gains, surging 4.16 per cent. The Bank Nifty, Realty, and OMCs indices also posted robust gains, each rising over 2 per cent. Meanwhile, the Nifty Financial Services, Media, Private Bank, and Consumer Durables indices advanced by more than 1 per cent each.

In the previous session on Friday, the BSE Sensex zoomed 1,961 points to settle at 79,117, while the NSE Nifty50 settled at 23,907, jumping 557 points.

"The ability of the market to surprise was evident in the 557 points spurt in the Nifty on Friday. This sharp upswing will continue today assisted by the super NDA performance in Maharashtra. The political message from this election is huge and highly positive from the market perspective," VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global updates

In Asian markets, Seoul and Tokyo settled higher, while Shanghai and Hong Kong ended in the red. European markets were trading in the green. The US markets ended in positive territory on Friday.

Global oil benchmark Brent crude dipped 0.40 per cent to $74.87 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,278.37 crore on Friday, according to exchange data.

Rupee rises 10 paise

The rupee appreciated 10 paise to close at 84.31 (provisional) against US dollar on Monday, supported by a firm trend in domestic equities amid improved investor risk appetite. Forex traders said investor sentiment got a boost after the Israeli ambassador to Washington said the Hezbollah ceasefire deal could come "within days".

At the interbank foreign exchange, the rupee opened at 84.38 and touched an intra-day high of 84.25 against the greenback. The unit ended the session at 84.31 (provisional) against the dollar, registering a rise of 10 paise over its previous close. On Friday, the rupee recovered from its all-time low level and appreciated 9 paise to close at 84.41 against the US dollar.