Indian stock market indices continued its strong momentum on Monday as benchmark Sensex crossed the 60,000-mark and Nifty 50 inching towards the 18,000-level. Investor favorites like Reliance Industries, Bajaj twins, HDFC Bank, TCS powered were leading the broader markets.
Among the biggest gainers were the IT stocks due to updside movements in NASDAQ and global stock markets, while significant rally was noted in the pharma and auto stocks. Metal stocks were subdued whereas all other sectoral indices rose sharply.
Early today at 9:36 AM, Sensex was trading at 60,509.53 up 549.68 points or 0.90%. The index has touched an intraday high of 60,522.94.
Nifty 50 traded at 17,944.80 higher by 158 points or 0.89%. The index has clocked the day’s high of 17,946.70.
On BSE, the SmallCap index jumped nearly 100 points, while the MidCap was up 160 points.
Further, on NSE, in terms of sectoral indices, the IT index soared nearly 500 points, while the Pharma index jumped over 200 points.
Nifty 50 and BSE Opens today with a bang
Top bulls on Nifty were – Dr Reddy’s surging over 3% after Q2 results. Tech Mahindra followed with over 2% upside. Infosys, HCL Tech and Cipla soared nearly 2% each.
Eicher Motors, Hindustan Unilever, Cipla, Grasim, HDFC zoomed over 1% each. TCS, Power Grid, Nestle, Titan, Adani Ports also contributed significantly to the winning streak.
Top bears on Nifty were – NTPC, Tata Steel and UPL tumbling between 0.3-2%.
Asian markets opened in the green led by the Japanese ‘Nikkei’ which was up over 340 points in early trade.Most other Asian indices traded higher even as euphoria saw profit booking as most Asian markets have been seeing ETF outflows due to underperformance of Chinese stocks.
US markets witnessed another superb day to end the best week in over 3 years as Dow Jones gains 830 points while Nasdaq gains 310 points.
