Stock Markets Exhibit Volatility, Sensex Trading Near 73,800, Nifty Hovering Around 22,400

In the broader market, the indices traded mostly in red, with the Nifty Microcap 250 down by 0.61 per cent, and the Nifty Smallcap 50 trading lower by 0.59 per cent

Among sectors, Media and Metal indices led the losses and traded lower by 1.64 per cent and 1.15 per cent respectively ( Image Source :Getty )

The stock markets exhibited major volatility as the trading session began on Monday. After gaining in the pre-open session, the key equity benchmarks, Sensex and Nifty, retracted their gains initially and moved back in green as the session progressed. 

As of 9:45 AM, the BSE Sensex stood over 50 points higher at 73,863.43, while the NSE Nifty50 inched closer to 22,400 and traded at 22,393.55, up by about 55 points. 

On the 30-share Sensex platform, NTPC, PowerGrid, Bharti Airtel, Sun Pharma, and IndusInd Bank emerged gainers. On the down side, JSW Steel, Tata Steel, Titan, M&M, and UltraTech Cement were among the losers.

In the broader market, the indices traded mostly in red, with the Nifty Microcap 250 down by 0.61 per cent, and the Nifty Smallcap 50 trading lower by 0.59 per cent.

Among sectors, Media and Metal indices led the losses and traded lower by 1.64 per cent and 1.15 per cent respectively. The Nifty Pharma drove the gains and stood higher by 1.24 per cent in the morning.

However, markets again reversed and started trading in red. As of 9:52 AM, the Sensex stood marginally down by over 15 points and traded 73,789, while the NSE Nifty50 slipped over 30 points and stood at 22,372.15.

In the trading session on Friday, the two key equity benchmarks, Sensex and Nifty, ended higher for the second straight session and hit fresh record highs. The S&P BSE Sensex closed at 73,745, climbing 1,245 points, while the Nifty50 settled at 22,339, gaining over 350 points. In the special trading session on Saturday, both Nifty and Sensex closed in green.

The rupee rose 4 paise to touch 82.87 against the American dollar in early trade on Monday. Forex traders credited the positive sentiment in the markets for the growth in the domestic currency. At the interbank foreign exchange, the Indian unit opened at 82.86 and slipped further to trade at 82.87 against dollar. In the last trading session on Friday, the Indian currency settled 2 paise lower at 82.91 against the greenback.