CLOSING BELL
Stock market highlights: Benchmark indices moved in a narrow range on Monday as investors awaited key central banks' decisions, including that of the US Federal Reserve, due later this week. The S&P BSE Sensex settled at 59,141, up 300 points or 0.51 per cent. The NSE Nifty, on the other hand, ended at 17,622, up 91 points or 0.52 per cent.
Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, UPL, Eicher Motors, HDFC, Divis Labs, SBI, ITC, Maruti Suzuki, Axis Bank, and Infosys. All these stocks added between 1 per cent and 3 per cent.
On the downside, Tata Steel, NTPC, ICICI Bank, Power Grid, Kotak Bank, Asian Paints, and L&T were the top laggards, down up to 2.4 per cent.
Meanwhile, the broader indices underperformed today with the BSE MidCap and SmallCap indices slipping 0.16 per cent each. Sectorally, the Nifty Metal, and Realty indices closed in the red, falling in the range of 0.5 per cent to 0.9 per cent. On the contrary, the Nifty PSU Bank index advanced 2 per cent, and the Nifty FMCG and Auto indices surged 1 per cent each.
Global markets
On Monday, major European markets continued their foray into the red. Germany's DAX was 0.3 per cent lower in early-morning trade, France's CAC 40 slipped 0.85 per cent, and Italy's FTSE MIB also fell around 0.7 per cent. Spain's IBEX 35 was trading 0.2 per cent lower. The UK's FTSE 100 is closed Monday to mark the funeral of Queen Elizabeth II.
Shares in Asia-Pacific, too, fell over 1 per cent on Monday, and US futures were slightly lower.