Stock Market: Sensex Zooms 910 Points, Nifty 16,600 Tracking Positive Global Cues
Stock update: On the BSE, except Kotak Mahindra Bank, all the constituents were trading in the green. Titan is leading the pack, up 4.19 per cent, followed by HCL Tech, Infosys, TechM, TCS, and others
New Delhi: Sensex and Nifty, the two key equity benchmarks on Monday opened sharply higher riding firm on positive global cues.
At 9.45 am, the 30-share BSE Sensex rose 910 points to 55,795, while the broader NSE Nifty was trading at 16,618, up 266 points.
On the BSE platform, except Kotak Mahindra Bank, all the constituents were trading in the green. Titan is leading the pack, up 4.19 per cent, followed by HCL Tech, Infosys, TechM, Ultracemco, Wipro, L&T, TCS, and others.
On the flip side, Kotak Bank was down 0.30 per cent.
In the broader market, the BSE Midcap and Smallcap indices were trading higher, up 1.4 per cent.
The overall market breadth was positive as 2,049 shares were advancing, while 569 were declining on the BSE.
On NSE, all of the 15 sector gauges were trading in the green. Sub-indexes Nifty IT and Nifty Consumer Durables were outperforming the NSE platform by rising as much as 2.51 per cent and 1.91 per cent, respectively.
The Sensex soared 632 points (1.17 per cent) to settle at 54,884.66 on Friday, while the Nifty surged 182 points (1.13 per cent) to end at 16,352.
In Asian markets, Seoul, Shanghai, Tokyo, and Hong Kong were trading in the positive zone. In the US, stock markets ended significantly higher on Friday.
“Asian markets are trading on a positive side as investors are following trends of the US markets," said Mohit Nigam, head - PMS, Hem Securities, told the PTI.
Meanwhile, global oil benchmark Brent crude gained 0.48 per cent to $120 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) continued their selling spree as they offloaded shares worth Rs 1,943.10 crore on Friday.
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