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Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower

Sensex

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		<strong>CLOSING BELL</strong><br />
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		Dalal Street kicked off the week on firm ground as benchmark indices closed with decent gains on Monday. The positive sentiment was supported by strength in the rupee and strong traction in IT shares.&nbsp;</div>
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		The BSE Sensex leaped around 500 points to the day&#39;s high but pared some gains to close 320 points higher at 60,942. Top index winners included Sun Pharma, HUL, TCS, Tech M, Infosys, SBI, Tata Motors, HCL Tech and Bharti Airtel, which gained 1-2 per cent.&nbsp;</div>
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		The NSE Nifty rose 91 points to end at 18,119. Ultratech Cement was the top index drag, down over 4 per cent, followed by Grasim, NTPC, JSW Steel, Tata Steel and L&T.&nbsp;</div>
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		In the broader markets, BSE Midcap index rose 0.4 per cent led by up to 7 per cent rally in Delhivery, Torrent Power, Persistent Systems, Tata Elxsi, Bajaj Holdings and AU Bank. The smallcap index trailed the market and closed 0.3 per cent down.&nbsp;</div>
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		Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower.&nbsp;</div>
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		Among stocks, <strong>YES Bank </strong>tanked 8 per cent following disappointing Q3 result. Read in detail <strong><a href="https://www.business-standard.com/article/markets/yes-bank-tanks-12-on-heavy-volumes-as-q3-net-plunges-81-123012300247_1.html" target="_blank">here</a><br />
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		BS SPECIAL:&nbsp;<em>How to trade in Reliance Industries post Q3 results? Check key levels</em></strong><br />
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			After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels. <a href="https://www.business-standard.com/article/markets/how-to-trade-reliance-industries-shares-following-the-q3fy23-results-123012300302_1.html" target="_blank"><strong>Read here</strong></a></div>
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	<br />
	<strong>Q3 IMPACT:<em>&nbsp;</em></strong><em><strong>ICICI Bank best placed to face NIM shock; analysts see up to 44% upside</strong></em><br />
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	Brokerages have applauded private lender ICICI Bank&rsquo;s &lsquo;super normal&rsquo; performance in the October-December quarter (Q3) of financial year 2022-23 (FY23), reiterating that the bank is best placed among large private peers to deliver growth, and absorb any macro/asset-quality shocks given healthy provisions and capital buffers. <a href="https://www.business-standard.com/article/markets/icici-bank-best-placed-to-face-nim-shock-analysts-see-up-to-44-upside-123012300388_1.html" target="_blank"><strong>Read more</strong></a></div>

Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%

Business Standard

Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8% | News on Markets - Business Standard

Ravi Nathani cautions against private banks

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	According to a recent analysis of the Nifty Private Bank Index, a significant trend line has been identified. By connecting the lifetime high of 22,492 and the previous high of 22,223, a sloping trend line can be seen on the near-term charts.</div>
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	This trend line serves as a strong resistance level, meaning that if the market were to reach this level, it would likely see a significant amount of selling pressure. <a href="https://www.business-standard.com/article/markets/ravi-nathani-expects-nifty-to-hit-18-400-cautions-on-pvt-bank-123012300083_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Fund Flow :: DIIs buy equities worth Rs 1,509.95 on Friday

Fund Flow :: FPIs sell equities worth Rs 2,002.25 on Friday

Currency check :: Rupee gains strength, nears 81/$-mark

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Commodity check :: Oil prices cool off but Brent holds above $85/bbl

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Global Update :: Nikkei gains in early trade; Korean, Chinese markets shut today

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Global Update :: Australian markets near 9-month high

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Global Update :: Wall Street ends higher last Friday led by Nasdaq index

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