Stock Market Today: Sensex, Nifty End Higher For The Second Day As M&M, Infosys, RIL Lead; FPIs Net Sellers
Sensex closed 232.23 points higher, or 0.35%, at 65,953.48, while Nifty 50 ended 81.35 points higher, or 0.31%, at 19,598.35
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FPIs Remain Net Sellers
Overseas investors remained net sellers of Indian equities for the eighth day in a row on Monday.
Foreign portfolio investors offloaded stocks worth Rs 1,892.77 crore, according to data from the National Stock Exchange.
Domestic institutional investors remained net buyers for the third day and mopped up stocks worth Rs 1,080.8 crore, the NSE data showed.
Foreign institutions net sold Rs 1,967 crore worth of equities so far in August. They have been net buyers of Rs 1,21,058 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.
Yield On The 10-Year Bond Ends Flat
The yield on the 10-year bond closed flat at 7.2% on Monday. It closed at 7.19% on Friday.
Source: Bloomberg
Rupee Strengthens Against The U.S. Dollar
The local currency strengthened 9 paise to close at Rs 82.75 against the U.S dollar on Monday
It closed at 82.84 on Friday
Source: Bloomberg
Sensex, Nifty End Higher For The Second Day: Closing Bell
India's benchmark stock indices advanced for the second straight day on Monday, as healthcare and telecommunication sectors advanced, while power and utilities stocks declined.
The S&P BSE Sensex closed 232.23 points higher, or 0.35%, at 65,953.48, while the NSE Nifty 50 ended 80.30 points higher, or 0.41%, at 19,597.30
Top Contributors To The Nifty 50 Change
Mahindra & Mahindra Ltd., Infosys Ltd., RIL Ltd., TCS Ltd. and ICICI Bank were positively contributed to the change in the Nifty 50.
SBI, Britannia Industries Ltd., Axis Bank Ltd., Kotak Mahindra Bank, Tata Motors weighed on the index.
Market Breadth
S&P BSE MidCap outperformed the benchmarks and closed 0.56% higher, while the BSE SmallCap rose 0.26%, underperforming the Nifty and Sensex.
The market breadth was skewed in the favour of the bulls. About 2,028 stocks advanced, 1,661 declined, while 198 stocks remained unchanged.
Whirpool Q1 FY24 Highlights (Consolidated, Year-On-Year)
Revenues down 2.04% at Rs 2,038.59 crore vs Rs 2,081 crore (Bloomberg Estimate Rs 1,968.8 crore)
Net profit down 10.57% at Rs 74.88 crore vs Rs 83.73 crore (Bloomberg Estimate Rs 86.25 crore)
EBITDA down 6.36% at Rs 123.39 crore vs Rs 131.77 crore (Bloomberg Estimate Rs 123.3 crore)
Margins at 6.05% vs 6.33% (Bloomberg Estimate 6.26%)
Source: Exchange Filing
