The benchmark equity indices displayed a positive trend, building on the momentum from the previous day. The surge was primarily driven by buying in major index players like ICICI Bank and Reliance Industries, coupled with a mixed performance in Asian markets.
The 30-share BSE Sensex saw a notable climb of 210.43 points, reaching 65,931.68. At the same time, the NSE Nifty also advanced by 66.1 points, settling at 19,583.10. Among the key gainers in the Sensex pack were Mahindra & Mahindra, Sun Pharma, Larsen & Toubro, NTPC, ICICI Bank, UltraTech Cement, Wipro, Tata Consultancy Services, HCL Technologies, and Reliance Industries.
However, some stocks faced downward pressure, including Nestle, Tata Steel, ITC, IndusInd Bank, Power Grid, and Bajaj Finance. Meanwhile, Asian markets displayed mixed trends, with Tokyo and Hong Kong trading in the green while Seoul and Shanghai experienced losses.
In the global context, US markets ended on a lower note last Friday. Additionally, the global oil benchmark, Brent crude, dipped slightly by 0.06 percent, reaching USD 86.19 per barrel.
Foreign Institutional Investors (FIIs) were observed offloading equities worth Rs 556.32 crore on the previous Friday, according to exchange data. However, despite this, the Sensex managed to recover from a three-day decline, gaining 480.57 points or 0.74 per cent to close at 65,721.25. Similarly, the Nifty also made a positive move, advancing by 135.35 points or 0.70 percent, settling at 19,517.
The stock market is showing resilience with key companies driving the uptrend. While some sectors face challenges, overall market sentiment remains positive amid global economic factors and foreign investment patterns. Investors are keeping a close eye on the evolving situation in both domestic and international markets.
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