Explorer

Stock Market: Sensex Rises 431 Points, Nifty Trades Above 18,100 On Strong Global Cues

Stock update: On the 30-share Sensex platform, PowerGrid, Tata Motors, HDFC Bank, Airtel, Kotak Bank, and SBI were the early winners

The two key equity benchmarks, Sensex and Nifty, on Monday opened higher, tracking robust global sentiment, positive Q3 results, and softening crude oil prices.

At 9.45 am, the S&P BSE Sensex was up 431 points to 61,053, while the NSE Nifty50 was trading at 18,144, up 117points.

On the 30-share Sensex platform, PowerGrid, Tata Motors, HDFC Bank, Airtel, Kotak Bank, and SBI were the early winners. On the flip side, UltraCemco, NTPC, Tata Steel, and Asian Paints were the only losers.

In the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.1 per cent.

Sectorwise, Nifty Bank index gained the most, up to 0.8 per cent. However, Nifty FMCG and Nifty Realty indices were subdued in trade.

Among individual stocks, shares of ICICI Bank gained over 0.7 per cent after the private sector lender's net profit surged 34.2 per cent to Rs 8,311.85 crore in Q3FY23. On the flipside, shares of Ultratech Cement declined over 1 per cent after the company's consolidated net profit declined 37.9 per cent YoY in Q3FY23.

In the previous session on Friday, the S&P BSE Sensex closed 237 points lower at 60,622, after it touched an intra-day high of 61,001. On the other hand, the NSE Nifty50 settled at 18,028, down 80 points. The Nifty50 touched the day's high of 18,145 before fizzling out gains.

Meanwhile, the rupee appreciated 19 paise against US dollar to hit 10-week high at 80.94 as against Friday's close of 81.12 per dollar. The rupee rose by 19 paise to breach the 80 level against the US currency for the first time in two months on Monday due to a weak dollar in overseas markets.

A fall in crude oil prices and early gains in equity markets also supported the local currency, according to forex dealers.

At the interbank foreign exchange market, the rupee opened higher at 80.92 to a dollar against the previous close of 81.17. The local unit moved in a range of 81.02 to 80.88 in morning deals. The rupee was trading at 80.98, showing gains of 19 paise over the previous close, at 0930 hrs.

The Brent crude declined 0.52 per cent to $87.17 per barrel after a recent rally. The oil for Indian basket also dropped 2.51 per cent to $82.19 per barrel.

Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they sold shares worth Rs 2,002.25 crore, according to exchange data.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Protestors Vandalise Allu Arjun's Residence In Hyderabad, Eight Arrested
Protestors Vandalise Allu Arjun's Residence In Hyderabad, Eight Arrested
Maharashtra Deputy CM Ajit Pawar Acknowledges Discontent Over Portfolios: ‘Obviously Some Are Not Happy’
Maharashtra Deputy CM Ajit Pawar Acknowledges Discontent Over Portfolios: ‘Some Are Not Happy’
PM Modi Receives Kuwait's Highest Honour 'The Order Of Mubarak Al Kabeer'
PM Modi Receives Kuwait's Highest Honour 'The Order Of Mubarak Al Kabeer'
'Why So Much hatred For Delhi': Kejriwal Attacks BJP For 'Excluding' Capital's Tableau From Republic Day Parade
'Why So Much hatred For Delhi': Kejriwal Attacks BJP For 'Excluding' Capital's Tableau From Republic Day Parade
Advertisement
ABP Premium

Videos

Mamata Machinery IPO Opens for Subscription, Closes on Dec 23, Expected Listing on Dec 27Complete Farmer Registry Update by Dec 31 to Receive PM Kisan 9th InstallmentWoman Dies in Mohali Building Collapse, Rescue Operations UnderwayHuge Black Money Seized in Madhya Pradesh Lokayukta Raids, Over Rs 7.98 Crore Discovered

Photo Gallery

Embed widget