CLOSING BELL: Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively

bull, markets, shares, stocks, bse, growth, sensex, nse

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	<strong>CLOSING BELL<br />
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	STOCK MARKET HIGHLIGHTS</strong><br />
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	Equity markets snapped a three-day losing streak on Monday as upbeat economic data in the US lifted global stocks.&nbsp;</div>
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	After a dismal week, Monday saw benchmark indices closing 1.4 per cent higher as a contraction in US services and a slower wage rise signalled that the economy may be cooling off, prompting bullish bets from investors.&nbsp;&nbsp;</div>
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	The BSE Sensex jumped 989 points to the day&#39;s high. It eventually settled 847 points higher at 60,747. The gains on the index were led by M&M, HCL Tech, TCS, IndusInd Bank, Bharti Airtel, Tech M, Infosys, Wipro, Reliance, Axis Bank and HUL, which rose 2-3.6 per cent.&nbsp;</div>
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	The NSE Nifty ended at 18,101 with a gain of 242 points. Its additional winners included SBI Life, which gained 3 per cent. On the flip side, Titan, Bajaj Finserv, Maruti, Bajaj Auto, HDFC Life and Grasim were among the few losers.&nbsp;<br />
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		<strong class="read_more">ALSO READ:&nbsp;<a href="/article/markets/bulls-stage-turnaround-on-monday-key-reasons-why-sensex-rallied-1-000-pts-123010900346_1.html" target="_blank">Bulls stage turnaround on Monday; key reasons why Sensex rallied 1,000 pts</a></strong></div>
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	Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively.&nbsp;</div>
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	Within sectors, Nifty IT gained the most, up 3 per cent, followed by oil & gas, metal, auto PSB indices that logged in over 1 per cent gains each.&nbsp;</div>
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	Among buzzing stocks, <strong>Kalyan Jewellers </strong>ended 4 per cent higher after the company&#39;s consolidated revenue grew 13 per cent in the December quarter (Q3FY2023) as compared to the same period last year. <a href="https://www.business-standard.com/article/markets/kalyan-jewellers-surges-6-reports-up-to-13-revenue-growth-in-q3-123010900187_1.html" target="_blank"><strong>Read story here</strong></a></div>
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	Shares of <strong>Vodafone Idea</strong> hit a 52-week low before closing 5 per cent lower on the BSE. According to a media report, the Department of Telecommunications (DoT) is now looking at the financials and the operations of the company to ascertain its health. <a href="https://www.business-standard.com/article/markets/vodafone-idea-hits-lowest-level-since-september-2021-down-6-in-firm-mkt-123010900307_1.html" target="_blank"><strong>Read more</strong></a></div>
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	<strong>BS SPECIAL</strong>: <em><strong>How to trade IT stocks ahead of Q3 results?</strong></em></div>
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	Shares of L&T Technology Services and Tech Mahindra could revive their positive bias since the second quarter of FY23 by consecutively closing higher. <a href="https://www.business-standard.com/article/markets/tcs-hcl-tech-infy-how-to-trade-it-stocks-ahead-of-q3-results-123010900285_1.html" target="_blank"><strong>Read the full story here</strong></a></div>

Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101

Business Standard

Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101 | News on Markets - Business Standard

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	<strong>TCS</strong>: Stock of the IT major will be in limelight today as the company announces its Q3 results. The IT major is expected to report 18 per cent YoY growth in Q3 earnings. Shares of other IT companies, too, are likely to react.</div>
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	<strong>IDBI Bank</strong>: The Department of Investment and Public Asset Management (DIPAM) has received at least five expressions of interest (EoIs) for the proposed 61 per cent stake and transfer of management control in IDBI Bank. The sale is expected to end by the middle of next financial year. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-tcs-paytm-ptc-lodha-heritage-foods-electronics-mart-idbi-bank-123010900087_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/10/full/1615322199-4086.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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WATCH :: Which three factors will decide street action this week?

Market Outlook :: Nifty IT index likely to consolidate, FMCG looks weak, says Ravi Nathani

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	<strong>NIFTY IT</strong></div>
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	Medium Term Charts: The index is expected to consolidate between 30,600 &ndash; 26,300, current correction from the highs indicates 27,400 as strong support for the near term, where opportunist traders could accumulate this index and its constituents for the quick bounce of 8 - 10 per cent.</div>
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	Expected Intraday Resistance: 28,110 / 28,200 / 28,525 / 28,720 <a href="https://www.business-standard.com/article/markets/nifty-it-index-likely-to-consolidate-fmcg-looks-weak-says-ravi-nathani-123010900096_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/13/full/1618336139-1053.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Fund Flow :: DIIs buy equities worth Rs 1,083.17 crore on Friday

Fund flow :: FIIs' selling spree continues; dump equities worth Rs 2,902.46 crore on Friday

Currency check :: Rupee ends weaker on Friday, falls 17 paise

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Commodity check :: Oil prices rise 1% after around 8% decline last week

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Global markets :: Asia shares rise on US rate bets, China reopening

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Global markets :: Wall St rallies on Friday as jobs, services data calm rate hike worries

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