Stock Market: Sensex Rises 492 Points, Nifty Trades Above 15,900 In Early Trade

Stock update: On the BSE, Tata Steel was the lead gainer with 3.16 per cent, followed by SBI, Maruti, Bajaj Finance, Titan, and others

The BSE Midcap and Smallcap indices were up to 1 per cent higher. Image: Getty

New Delhi: The key equity benchmark indices, Sensex and Nifty, on Monday opened trade in the green tracking major gains in the US markets amid volatility.

At 10.15 am, the 30-share BSE Sensex was trading 492 points higher to 53,285, while the broader NSE Nifty was at 15,936, up 154 points.

On the BSE, Tata Steel was the lead gainer with 3.16 per cent, followed by SBI, Maruti, Bajaj Finance, Titan, and others. On the flip side, Power Grid was the top loser (1.27 per cent), followed by UltraCemco, Dr Reddy’s, TechM, and others.

The broader markets also turned positive. The BSE Midcap and Smallcap indices were up to 1 per cent higher.  

On the NSE, all of the 15 sector gauges were trading in the green. Nifty Bank, Nifty Auto, and Nifty Metal were outperforming the index by rising as much as 1.21 per cent, 1.52 per cent, and 2.89 per cent, respectively.  

On the Sensex platform, the overall market breadth stood strong as 2,146 shares were advancing, while 678 were declining.

In the previous trading on Friday, Sensex sank 137 points (.26 per cent) to close at 52,794, while the NSE Nifty moved 26 points (0.16 per cent) down to settle at 15,782.

Meanwhile, in Asian markets were trading on a mixed note, with Hong Kong, Seoul, and Shanghai quoting marginally lower, while Tokyo traded higher.

Stock exchanges in the US had ended with smart gains on Friday.

"Cautious trend could prevail as the street will anxiously await the WPI inflation numbers slated to trickle in on Tuesday," Prashanth Tapse, vice-president (Research), Mehta Equities, told the PTI.

Global oil benchmark Brent crude declined 1.57 per cent to $109.80 per barrel.

According to stock exchange data, continuing their selling spree, foreign institutional investors (FIIs) offloaded shares worth Rs 3,780.08 crore on Friday.