Nifty end above 15800, Sensex up 327 pts led by FMCG
Sensex and Nifty Today– Indian stock market indexes opened lower on Monday amid negative morning cues from the Asian market peers. Nifty today opened lower at 15710.50 levels, down by 41.55 points while Sensex made a negative opening of 56.26 points at 52851.67 levels. Indian markets gradually moves northwards and traded comfortably above their neutral lines.
Stock Market News and Updates Today
The Indian equity benchmarks cut all early losses in late morning deals and turn positive despite negative cues from the other Asian market peers. Investors got relief after the Commerce Ministry is working on releasing the new five-year foreign trade policy (FTP) before September this year and District as export hubs scheme would be part of the documents, which aims at promoting exports and job creation.
Market sentiments were further improved with the reports that the windfall tax on oil produced within India and fuel exported overseas will make up for more than ¾ of the revenue that the government lost when it cut excise duty on petrol and diesel to cool high inflation.
On the global front, the other Asian market indexes opened mostly lower on Monday morning as Wall Street futures slipped in the early trade. The market sentiments were cautious in the early deal after Indonesia’s consumer prices increased at a faster rate than was expected in June. European markets are trading higher on Monday, despite the eurozone inflation hitting a new record high in June.
Sensex and Nifty at the close today
The Nifty index gained by 83.30 points or 0.53 percent and closed at 15835.35 levels while Sensex was up by 326.84 points or 0.62 percent and finished at 53234.77 levels. The Bank Nifty index ended higher today by 401.45 points or 1.20 percent on the spot level and ended at 33940.90
The broader markets also closed higher in line with their larger peers as the Nifty midcap index gained by 182.25 points or 0.69 percent and closed at 26769.55 levels. The Nifty smallcap index closed higher by 54.60 points or 0.64 percent and finished at the 8532.15 level
Nifty top gainers and losers today
The top gainer in the Nifty50 index was HUL, Britannia, IndusInd Bank, ITC, and ICICI Bank whereas the top loser was JSW Steel, ONGC, TCS<Tata Steel, and Cipla
The midcap top gainers were IDFC First, ICICI Securities, and Gujarat Gas, and the top losers were Oil India, Dhani Services, and AU Small Finance.
The top gainers in the Nifty smallcap index were Dilip Buildcon, Linde India, and Lux Industries and the top losers were IRB Infra, CAMS, and Aegis Logistics
The most active stocks in the Nifty index in terms of value were Reliance, ITC, and ONGC. The most active stocks in terms of volume were ONGC, ITC, and Reliance
On a sectoral front, the FMCG, Banking, Financial Services, and Consumer Durables indices were closed higher today. The sectors that closed in the red were Metal, IT, Auto Pharma, and Oil & Gas
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