Share Market Today: Sensex Gains 146 Points; Nifty Settles At 24587. PSU Bank Zooms 3 Per Cent
Share market today: On the 30-share Sensex platform, State Bank of India, NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the biggest winners
Share market today: The two key equity benchmarks, Sensex and Nifty, closed at new record high levels on Monday amid volatility, helped by fresh foreign fund inflows and buying in State Bank of India.
The 30-share BSE Sensex climbed 146 points to settle at a new record high of 80,665. During the day, it advanced 343 points to hit a high of 80,863. On the other hand, the NSE Nifty rallied 85 points to settle at an all-time closing high of 24,587. During the day, it surged 133 points to hit a new record peak of 24,635.
Stock update
On the 30-share Sensex platform, State Bank of India, NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the biggest winners.
On the other hand, Asian Paints, Tata Steel, Axis Bank, JSW Steel, Tech Mahindra, and Tata Consultancy Services were among the losers.
In the broader markets, the BSE Midcap added 0.9 per cent and BSE Smallcap rose 0.21 per cent.
Sectoral update
Sectorwise, Nifty PSU Bank zoomed 3 per cent, while Nifty Auto, Media, Pharma, and Realty indices edged over 1 per cent higher each.
In the previous session on Friday, the BSE benchmark jumped 622 points to settle at 80,519.34. Nifty surged 186 points to end at 24,502.
Global update
In Asian markets, Seoul and Shanghai settled higher while Hong Kong ended lower. European markets were trading 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 0.18 per cent to $85.15 a barrel.
Rupee slips 11 paise
Rupee depreciated 11 paise and settled for the day at an all-time low of 83.62 (provisional) against the US dollar on Monday, weighed down by the overall strength of the American currency in the overseas market.
Forex traders said a positive trend in domestic equities, wherein benchmark indices touched all-time high levels and significant foreign fund inflows supported the rupee at lower levels.
At the interbank foreign exchange market, the local unit opened at 83.53, but lost ground and finally settled at an all-time low of 83.62 (provisional) against the dollar, 11 paise lower than its previous close.
On Friday, the rupee settled at 83.51 against the US dollar.
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