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Indian Benchmark Equity Index BSE Sensex and Nifty climbed on Monday, amid mixed global market moves
Sensex today
Sensex today: The Indian benchmark equity indices continued their upstairs speed for the sixth straight session with profit of more than 1% on Monday. BSE Sensex increased by 1,078.87 points or 1.40%to settle at 77,984.38 after killing the Intra-Day High of 78,107.23.
Similarly, Nifty50 climbed 307.95 points, or 1.32%, to close at 23,658.35, after touching the intra-day high of 23,708.75 and a low of 23,433.50.
Banking stocks led the benefits in the market, with 24 out of 30 senses stocked in green. NTPC, Kotak Mahindra Bank, SBI, Tech Mahindra, and Power Grid Corp led the rally with profit up to 4.63%. On the negative side, Nestle India, Bharti Airtel, Mahindra and Mahindra, Zomato, Indusind Bank and Titan declined by 2.73%.
Extensive markets also saw strong purchases interest, as the Nifty Midcap100 and Smallcap100 indices upgraded more than 1% every 1%.
In regional indices, banking shares were dominated by PSU banks led the rally. The Nifty PSU bank index increased by 3.18%, while bank Nifty and Nifty private bank index closed with a profit of more than 2%.
Except for the Nifty Media Index, all other NSE regional indices ended more, posting a profit of up to 2%.
Viewed by: Dr. VK Vijaykumar, Chief Investment Strategist, Jiojit Investment Service
“The surprise of the market was that last week when the Nifty had increased by 4.6 percent in a week. The fact is that it happened when the market was nervous over the fear of Trump’s mutual tariff since April 2, therefore, what happened due to this sudden trend in the Indian market?
The improvement in macros of Indian economy and fair evaluation has changed the FII from sellers to buyers. Even more importantly, it has triggered a small cover on a large scale, which leads to sharp spikes in prices. Even if the market ventures have to be careful rapidly. April 2- mutual tariff day- big and surrounding uncertainty is very large. Investors may wait for the emergence of clarity about mutual tariffs before making calls on further investment. ,
Global signal
US President Donald Trump shut down the Wall Street higher on Friday after indicating some ‘flexibility’ about the tariff, while reiterating the April 2 deadline for mutual tariffs.
S&P 500 closed 0.08 percent at 5,667.56. The NASDAQ composite increased by 0.52 percent and settled at 17,784.05, while Dow Jones Industrial Average upgraded 32.03 points or 0.08 percent, closed at 41,985.35.
The markets were less in the Asia-Pacific region on Monday amidst the nearby deadlling of tariffs omissions till 2 April on American trade partners till 2 April.
Australia’s S&P/ASX 200 was below 0.07 percent.
South Korea’s cospie was 0.16 percent above, and the small-cap Kosedack was 0.52 percent higher.
Japan’s Nikkei was 225 0.04 percent and the topics was 0.33 percent.
Hong Kong’s Hang Seng index was 0.23 percent and CSI 300 0.23 percent higher.
