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Stock Market HIGHLIGHTS: Unfazed by the losses witnessed by their Asia peers, Indian frontline indices continued their winning streak on Monday. Nifty50 scaled a new lifetime high of 18,614.25, bettering its previous record of 18,604 on the intraday basis and finally settling at 18,562.75, up 50 points or 0.27 per cent. The S&P BSE Sensex also hit yet another lifetime high of 62701.4. The 30-stock index closed at 62,504.80, higher by 211.16 points or 0.34 per cent.
Here are key takeaway’s from the day’s action:
1) The top gainers were BPCL, Reliance Industries, Hero MotoCorp, Tata Consumer Products and SBI Life while the top losers were Hindalco Industries, Apollo Hospitals, JSW Steel, Tata Steel and HDFC Bank.
2) Out of the 15 Nifty sectoral indices, six ended in the red against 9 gainers. The top performer was Nifty Oil & Gas (+1.60 per cent) followed by Nifty Auto (+0.61 per cent) and Nifty FMCG (+0.34 per cent). The biggest laggards were Nifty Metal, followed by marginal losses in Nifty Consumer Durables, financial services and IT.
3) Bank Nifty ended at 43,020.45, up 0.08 per cent.
4) INDIA VIX, a gauge for volatility in Nifty was at 13.57, up 1.74 from the Friday closing.
5) There was stock specific action in broader markets as well with Nifty Mid Cap 100 and Nifty Small Cap 100 indices settling with gains. While the former closed up 0.73 per cent, the latter was higher by 1.23 per cent.
6) Out of 3,784 stocks that traded today, advances were seen in 2,092 stocks, declines in 1,511 stocks while 181 remained unchanged. 164 stock hit upper circuit while 36 hit lower circuit.
7) Dharmaj Crop Guard Limited’s IPO which opened today was subscribed 0.73 times on the NSE with retail portion subscribed 1.29 times.
8) Singapore-based SGX Nifty, an early indicator of movement in Nifty50 was trading at 18,729, up 68 points or 0.36 per cent while Dow 30 Futures were trading at 34,155.50, down 191.50 points 0.56 per cent.
9) Asian markets ended in the red with top indices like Shanghai Composite and Nikkei 225 settling in the red on news of widepread protests in China against Xi Jinpping Government’s decision of harsher lockdowns.
10) The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. At the interbank foreign exchange market, the local unit opened weak at 81.81 and touched an intra-day high of 81.61 and a low of 81.83 against the greenback. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.35 per cent to 105.59. PTI
11) Global oil benchmark Brent crude futures declined 3.10 per cent to USD 81.04 per barrel. PTI
All this and much more! Watch this space for all the updates.
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