Share Markets Close On A High: Sensex Ends Over 79,400, Nifty Crosses 24K
On Sensex, Tech M, IndusInd Bank, PowerGrid, and M&M closed the session in green. Meanwhile, the laggards included Adani Ports, Hindustan Unilever, ITC, Asian Paints, and Nestle.
The Indian stock markets ended trading on Monday on a high note. The benchmark indices, Sensex and Nifty, closed the session in green after seeing a strong rally in banking stocks.
The BSE Sensex soared more than 850 points and settled above 79,400, while the NSE Nifty50 ended trading over 24,100, jumping close to 300 points.
On the 30-share Sensex platform, Tech M, IndusInd Bank, PowerGrid, Bajaj Finserv, and M&M closed the Monday session in green. Meanwhile, the laggards included Adani Ports, Hindustan Unilever, ITC, Asian Paints, and Nestle.
In the broader markets, the Nifty Smallcap50 dominated in green and ended 2.54 per cent higher. Sectorally, the Midsmall IT & Telecom and Midsmall Financial Services settled in the positive territory and stood 3.63 per cent and 3.46 per cent higher respectively.
Global Markets And Gold Prices
Foreign Institutional Investors (FIIs) purchased Indian equities worth Rs 4,667.94 crore on Thursday, official exchange data revealed. In Asian markets, South Korea and Shanghai closed higher, while Tokyo indices settled in red. In the last trading session on Thursday, the US markets settled lower. Meanwhile, gold prices reached fresh historic highs on Monday as escalating tariff tensions pushed investors towards the safe haven aspect of the precious metal. The global oil benchmark Brent crude declined 2.71 per cent to touch $66.25 a barrel.
The Indian rupee continued to soar for the fifth consecutive session and ended 25 paise higher at 85.13 (provisional) against the US dollar on Monday. This surge was driven by a sharp decline in the dollar index and a rally in the domestic equities.
Vinod Nair, Head of Research, Geojit Investments Ltd, noted, "The bulls took over, which led the Nifty to cross 24k in the third attempt over the last 3 months and fuelled Bank Nifty to touch a new high. The possibility of a bilateral trade agreement with the US is adding optimism in the market."
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