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Indian equity benchmarks ended higher after a post-lunch rebound, snapping a three-day losing run. The gains in the benchmark indices were led by HDFC Bank and M&M. The BSE Sensex rebounded 1,500 points from the day's low and closed up 1%, or 700 points, above 75,300. The NSE Nifty 50 ended 0.9% higher above 23,340.
Oil prices remained elevated, with WTI crude up 1% at $100.06 a barrel and Brent crude higher by 2.2% at $105.37. US stock futures also traded higher, with Dow futures up more than 200 points, or 0.45%, while S&P 500 futures rose 0.50% and Nasdaq-100 futures gained 0.55%.
Indian equity benchmarks ended higher and halted a three-day losing streak after a post-lunch recovery led by HDFC Bank and M&M. The BSE Sensex rebounded 1,500 points from the day’s low and closed up 1%, or 700 points, above 75,300. The NSE Nifty 50 ended 0.9% higher above 23,340.
Oil prices remained elevated, with WTI crude up 1% at $100.06 a barrel and Brent crude higher by 2.2% at $105.37. US stock futures also traded higher, with Dow futures up more than 200 points, or 0.45%, while S&P 500 futures rose 0.50% and Nasdaq-100 futures gained 0.55%.
Nifty and Sensex moved in a narrow range as losses in Infosys and Bharat Electronics put pressure on the benchmarks. Gains in HDFC Bank and UltraTech Cement limited the downside.
Indian equity benchmarks extended losses and hit the day’s low in trade. The BSE Sensex fell 0.8%, or 600 points, to 73,964, while the NSE Nifty 50 dropped more than 0.6% to below 23,000.
Source: Bloomberg
Indian equity benchmarks opened marginally higher on Monday. The BSE Sensex traded at 74,622, while the NSE Nifty 50 was at 23,175, with both indices little changed in early trade.
The rupee opened at 92.43 against the US dollar, compared with Friday’s close of 92.46. The domestic currency started the session marginally higher.
Several stocks may remain in focus on fresh orders, regulatory approvals and management changes. Britannia Industries approved the appointment of Rakshit Hargave as CEO and MD, Data Patterns secured a Rs 288 crore order, Seamec’s consortium won a Rs 411 crore contract from ONGC, and Jio Financial Services received IRDAI approval for the Allianz Jio Reinsurance joint venture.
Other names on the watchlist include Nippon Life AMC after DWS agreed to buy a 40% stake in its AIF arm for Rs 733 crore, Ramky Infra after its arm got a Rs 3,000 crore order from MIDC, and VA TECH WABAG and Bajel Projects on fresh order wins. On the downside, Fractal Analytics, Aye Finance and Nephrocare Healthcare Services are set for lock-in expiry, while Salasar Techno, Orient Bell, Aster DM Healthcare, Gillette India, MRPL and Chennai Petroleum may be tracked on company-specific developments.
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