Stock market update: Sensex up over 100 points, Nifty trades flat
The domestic stock market on Monday opened on a positive note. The Bombay Stock Exchange (BSE) benchmark index Sensex traded at 34,426.95, went 111.32 points up or 0.32 percent. The Sensex is higher by more than 100 points, while the Nifty is hovering around 10,350.
On the first day of the week, 23 out of 30 Sensex stocks were reported trading in the green. The top gainer in the 30-share Sensex pack includes, HDFC Bank (+1.86 percent), HDFC (+1.48 percent), Vedanta (+1.40 percent), Adani Ports (+1.33 percent), ITC (+1.23 percent) and SBIN (+1.21 percent). Indiabulls Housing Finance (+5.24 percent), Adani Ports (+2.20 percent), Bajaj Finance (+2.08 percent), Eicher Motors (+2.00 percent) and HDFC Bank (+1.44 percent) were the main gainers on Nifty pack.
The wider Nifty50 index of the National Stock Exchange (NSE) was at 10,320.20, up 16.65 points or 0.16 percent. Besides IT, all of the sectoral indices were reportedly trading in green in the morning trade. Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.
The Indian rupee opened flat at Rs 73.30 against US dollar on Monday versus Friday’s close Rs 73.32.
On Friday, the Reserve Bank of India (RBI) came out with new measures to increase the liquidity flow to NBFCs and HFCs.
Meanwhile, stock markets witnessed deep losses on Friday, with the Sensex shedding 463 points to close at 34,315. NSE benchmark index Nifty fell 149 points to settle at 10,303, 1.4 percent lower.