Stock Market Today: Sensex Climbs 400 Points; Nifty At 22,470. JSW Steel Gains 4 Per Cent

Stock update: On the 30-share Sensex platform, JSW Steel, Tata Steel, L&T, UltraCemco, HDFC Bank, HCL Tech emerged gainers. Titan, Nestle, M&M, Airtel, ITC, Maruti were among the losers

In the broader markets, the BSE Midcap index rose 1.2 per cent, while the Smallcap advanced 1.6 per cent. ( Image Source :Getty )

The two key equity benchmarks, Sensex and Nifty, on Monday started the new financial year on a bullish note, amid positive global cues. At 11 am, the BSE Sensex gained 422 points to 74,072. On the other hand, the NSE Nifty50 was trading at 22,471, up 144 points.

On the 30-share Sensex platform, JSW Steel, Tata Steel, L&T, UltraCemco, HDFC Bank, HCL Tech emerged gainers. On the down side, Titan, Nestle, M&M, Airtel, ITC, Maruti were among the losers.

In the broader markets, the BSE Midcap index rose 1.2 per cent, while the Smallcap advanced 1.6 per cent.

Sectorally, all the indices are trading in the green, with capital goods, healthcare, metal, oil & gas, power and realty rose 1 per cent each.

"The undertone of the market is bullish and there is momentum in the market," V K Vijayakumar, chief investment strategist at Geojit Financial Services said.

In the previous session on Thursday, the BSE benchmark jumped 655 points to settle at 73,651, while the NSE Nifty climbed 203 points to close at 22,327. Stock markets were closed on Friday on account of Good Friday.

In Asian markets, Seoul and Shanghai were quoting in the green, while Tokyo traded lower. Wall Street ended on a mixed note on Thursday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 188.31 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.37 per cent to $87.32 a barrel.