Stock market update: Sensex rises over 100, Nifty retrieves 11,700; ends on a weak note
Taking cues from the Asian markets, the benchmark equity indices started the first day of the week on a positive note.
The benchmark BSE Sensex gained more than 100 points and Nifty recovered the 11,700 mark, retreiving last week losses ahead of the release of key GDP data scheduled for today.
The 30 share Sexsex rose to 38,828.16, or 138.06 points or 0.36% in early trade on Monday. It had shredded 206.53 points last week.
Sectorial indices such as healthcare, technology, IT, consumer durables and power rose up to 2% on Monday morning. Brokers said that since September futures and options (F&O) series are opened on Friday, investors have created fresh positions.
Though the rupee has toched the 71 mark for the first time, valatality atill continues in the market, induced by a report regarding the on going US China trade war.
Prominent gainers included Sun Pharma, Wipro, Infosys, PowerGrid, ONGC, Coal India, NTPC, Asian Paint, HUL, ITC Ltd, L&T, Kotak Bank, IndusInd Bank and Tata Steel, rising up to 2.27%.
Top losers include Yes Bank, RIL, Vedanta, Bharti Airtel, Axis Bank and HDFC Bank remained under pressure, falling up to 3.44%.
However, the domestic equity markets ended on a weak note, rupee plunging a fresh low on Monday after a selloff in FMCG and bank stocks. Sensex nose dived to 333 points and Nifty tanked below 11,600.