Stock Market Today: Sensex Jumps 494 Points; Nifty Ends Above 22,650. Maruti Rises 3 Per Cent

Stock Market Today: On the 30-share Sensex platform, Maruti gained 3.26 per cent, followed by M&M, NTPC, JSW Steel, L&T, Reliance. Nestle, Wipro, Sun Pharma, HCL Tech, Titan, HDFC Bank emerged losers

Stock Market Today: In the broader markets, the BSE Midcap and Smallcap indices settled mixed with marginal gains.

Source : ABP LIVE AI

The two key equity benchmarks Sensex and Nifty, on Monday hit fresh records on positive global cues and rally in largecap index heavyweights like Maruti, M&M, Reliance. The Mcap of all BSE-listed firms touched Rs 401-lakh crore mark during the day. 

The BSE Sensex zoomed 494 points to end at 74,743. It hit a fresh lifetime high of 74,869 during intraday. On the other hand, the NSE Nifty50 soared to 163 points to 22,666. The index hit a new high of 22,697 during intra-day trading.

Stock update

On the 30-share Sensex platform, Maruti gained 3.26 per cent, followed by M&M, NTPC, JSW Steel, L&T, Reliance. On the down side, Nestle, Wipro, Sun Pharma, HCL Tech, Titan, HDFC Bank emerged losers.

In the broader markets, the BSE Midcap and Smallcap indices settled mixed with marginal gains.

Sectorwise update

Sectowise, Nifty Auto gained over 2 per cent. Nifty Realty rose 1.32 per cent while Nifty Metal jumped 1 per cent. On the other hand, Nifty PSU Bank, IT, and media indices were down 0.5-1 per cent.

In the previous session on Friday, the S&P BSE Sensex settled marginally higher by 21 points to 74,248, while the NSE Nifty50 closed at 22,514, up 1 per cent.

"The buoyancy in sentiment continued, led by sectorial tailwinds and Q4 earnings growth expectations. The up-move was largely broad-based, with outperformance by auto, reality, oil & gas, and consumer discretionary, while IT was tepid owing to insipid Q4 growth expectations due to a slowdown in spending," said Vinod Nair, head of research, Geojit Financial Services.

Global update

In the Asian markets, Seoul, Tokyo, and Hong Kong closed higher, while Shanghai saw a decline. European markets were in positive territory, and Wall Street ended with gains last Friday.

According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 1,659.27 crore on Friday.

Brent crude, the global oil benchmark, decreased by 0.81% to $90.43 per barrel.

Rupee Settles Flat

On Monday, the rupee ended flat at 83.31 (provisional) against the US dollar. Despite support from positive domestic equities, the strength of the US currency in the global market offset the gains.

Forex traders noted that investor confidence improved as crude oil prices retreated, but the strong performance of the US dollar internationally limited the rise of the local unit.

In the interbank foreign exchange market, the rupee opened at 83.27 against the dollar, reaching a high of 83.23 and a low of 83.33 during the day.

Ultimately, the rupee settled at 83.31 (provisional) against the dollar, unchanged from its previous close.