MARKET: Sensex surges 593 pts amid broad-based buying; Nifty ends at 11,228

All that happened in the markets today

The domestic stock market ended over 1.5 per cent higher on Monday, lifted by across-the-board gain.

Among headline indices, the S&P BSE Sensex jumped 593 points, or 1.59 per cent to 38,982 levels. Of 30 constituents, 27 advanced and the rest 3 (Nestle India, Infosys, and Hindustan Unilever) declined. The Nifty50 index reclaimed the 11,200-mark to settle at 11,228, up 177 points, or 1.6 per cent. India VIX dropped over 5 per cent to 19.57 levels. 

In the broader market, the  S&P BSE MidCap index rallied 2.68 per cent to 14,721 while the S&P BSE SmallCap index ended at 14,863.25, down 368 points, or 2.54 per cent. 

On the NSE, all the sectoral indices ended in the green. Nifty Bank gained 3.26 per cent to 21,665.50 levels while Nifty Metal index rose nearly 3 per cent to 2,237 levels. 

Global markets

Asian markets gained on Monday amid signs China’s economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.7 per cent to 551.48, but stayed within striking distance of a two-month low of 543.66 hit last week.

In Europe, stocks partially recovered from last week’s hefty losses, helped by upbeat industrial profits data from China and as banking stocks bounced off record lows.

In commodities, oil prices fell as rising coronavirus cases spur concern about demand, with the main crude benchmarks on track for their first monthly falls since April.

(With inputs from Reuters)

3:58 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

"Indian benchmark indices gained strength throughout the day, helped by gains in banking and financial stocks. Global cues were also positive following positive industrial profits data from China, setting aside concerns about the increasing virus infections and related impact. Indian markets were also banking on further stimulus and other measures by the government to boost the economy. Traders limit overnight positions and keep booking profits while investors follow an accumulation strategy."

3:43 PM

SECTOR WATCH | All sectoral indices on the NSE end in the green

3:42 PM

MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex surged 593 points, or 1.59 per cent to settle at 37,982 levels while NSE's Nifty ended at 11,228, up 177 points, or 1.6 per cent. 

3:26 PM

MARKET CHECK

3:16 PM

IndusInd Bank up 8%

3:03 PM

Sun Pharma closes share buyback offer period; stock jumps 5%

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3:01 PM

MARKET CHECK | Top losers on the BSE at this hour

2:54 PM

MARKET UPDATE:: Broader indices outperform benchmarks

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2:39 PM

NEWS ALERT :: Lupin launches generic of Emend injectable drug in the US

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2:35 PM

European markets check

Source: Reuters

2:23 PM

Rupee Closing

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2:18 PM

MARKET CHECK :: Indices at day's high

2:08 PM

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