Stock market today : Indian equity benchmarks ended on a higher note on Monday, lifted by strong buying in banking and IT shares amid positive global cues and investor optimism ahead of the quarterly earnings season.
The 30-share BSE Sensex climbed 582.95 points, or 0.72%, to close at 81,790.12, after hitting an intraday high of 81,846.42 gaining 639.25 points or 0.78%.
Similarly, the NSE Nifty 50 rose 183.40 points, or 0.74%, to settle at 25,077.65, regaining the 25,000 mark after three straight sessions of gains. Over the last three trading days, the benchmark index has advanced 466 points, or nearly 1.9%.
At 10:00 am, both indices were already trading in positive territory, with the Sensex up 200 points at 81,407.97 and the Nifty 50 up 62 points at 24,956.45.
Banking and IT stocks led Monday’s rally, with Tata Consultancy Services (TCS), Tech Mahindra, Axis Bank, Bajaj Finance, Infosys, Kotak Mahindra Bank, Bajaj Finserv, and Eternal among the top gainers on the Sensex. On the downside, Tata Steel, Adani Ports, Power Grid, and Titan ended in the red.
The positive momentum in domestic markets mirrors upbeat global cues and investor optimism in the banking sector.
"The domestic equity market ended the session on a positive note, led by gains in the financial services and IT sectors, ahead of the Q2 results. The banking index outperformed, bolstered by strong quarterly updates announced by large scheduled banks and attractive valuations," Vinod Nair, Head of Research, Geojit Investments Limited told PTI.
Earlier on Friday, both indices had ended higher for the second straight session, supported by strong buying in metal stocks and positive global sentiment.
The Nifty 50 had advanced 57.95 points (0.23%) to close at 24,894.25, while the Sensex climbed 223.86 points (0.28%) to finish at 81,207.17, after swinging between 80,649.57 and 81,251.99 during the session.
In the Asian markets, Japan's Nikkei jumped nearly 5% while Hong Kong's Hang Seng index settled lower. Markets in China, South Korea, and Taiwan remained closed for holidays.
Oil prices also strengthened in early Monday trade after OPEC+ announced a smaller-than-expected increase in output. Global oil benchmark Brent crude jumped 1.78% to $65.68 a barrel.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
The 30-share BSE Sensex climbed 582.95 points, or 0.72%, to close at 81,790.12, after hitting an intraday high of 81,846.42 gaining 639.25 points or 0.78%.
Similarly, the NSE Nifty 50 rose 183.40 points, or 0.74%, to settle at 25,077.65, regaining the 25,000 mark after three straight sessions of gains. Over the last three trading days, the benchmark index has advanced 466 points, or nearly 1.9%.
At 10:00 am, both indices were already trading in positive territory, with the Sensex up 200 points at 81,407.97 and the Nifty 50 up 62 points at 24,956.45.
Banking and IT stocks led Monday’s rally, with Tata Consultancy Services (TCS), Tech Mahindra, Axis Bank, Bajaj Finance, Infosys, Kotak Mahindra Bank, Bajaj Finserv, and Eternal among the top gainers on the Sensex. On the downside, Tata Steel, Adani Ports, Power Grid, and Titan ended in the red.
The positive momentum in domestic markets mirrors upbeat global cues and investor optimism in the banking sector.
"The domestic equity market ended the session on a positive note, led by gains in the financial services and IT sectors, ahead of the Q2 results. The banking index outperformed, bolstered by strong quarterly updates announced by large scheduled banks and attractive valuations," Vinod Nair, Head of Research, Geojit Investments Limited told PTI.
Earlier on Friday, both indices had ended higher for the second straight session, supported by strong buying in metal stocks and positive global sentiment.
The Nifty 50 had advanced 57.95 points (0.23%) to close at 24,894.25, while the Sensex climbed 223.86 points (0.28%) to finish at 81,207.17, after swinging between 80,649.57 and 81,251.99 during the session.
In the Asian markets, Japan's Nikkei jumped nearly 5% while Hong Kong's Hang Seng index settled lower. Markets in China, South Korea, and Taiwan remained closed for holidays.
Oil prices also strengthened in early Monday trade after OPEC+ announced a smaller-than-expected increase in output. Global oil benchmark Brent crude jumped 1.78% to $65.68 a barrel.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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