Stock Market Today: Sensex, Nifty Rise For Second Day Led By I.T., Energy Stocks
The S&P BSE Sensex closed up 416 points or 0.69% at 60,224.46 while the NSE Nifty 50 was 117 points or 0.67% higher at 17,711.45.

KEY HIGHLIGHTS
- Oldest First
FPIs Remain Net Buyers For The Third Straight Day
Overseas investors in Indian equities remained net buyers for the third day in a row on Monday.
Foreign portfolio investors bought equities worth Rs 721.37 crore, according to data from the National Stock Exchange.
Domestic institutional investors were also net buyers for the ninth straight day and mopped up stocks worth Rs 757.23 crore.
Foreign institutions have remained net sellers and offloaded Rs 39,241.79 crore worth of Indian stocks so far in 2023.
Sensex, Nifty Rise For Second Consecutive Day
Indian equity benchmarks extended gains for the second day on Monday as the stocks rebounded sharply in trade on Friday, the most in last four weeks. S&P BSE Sensex ended the day above 60,000 points after nine trading sessions.
Global stock markets were steady on Monday as investors waited to see if Treasury yields would extend last week’s declines and assessed the impact of China’s decision to set a lower economic growth target.
U.S. equity futures were little changed, after a Friday rally driven by conviction the Federal Reserve won’t raise interest rates beyond the peak levels already priced in around 5.4%.
The S&P BSE Sensex closed up 416 points or 0.69% at 60,224.46 while the NSE Nifty 50 was 117 points or 0.67% higher at 17,711.45.
Adani Enterprises Ltd., Tata Motors Ltd., Oil and Natural Gas Corporation Ltd., NTPC Ltd., Power Grid Corp of India Ltd., Infosys Ltd., Bajaj Finserv Ltd., Asian Paints Ltd., Eicher Motors Ltd., and HDFC Ltd. were the top gainers in the gauge.
Whereas, Britannia Industries Ltd., Tata Steel Ltd., JSW Steel Ltd., Hindalco Industries Ltd., and Larsen and Toubro Ltd. were the top losers amongst the NSE Nifty 50 constituents.
The broader market indices were traded higher; S&P BSE MidCap was up 0.72% whereas S&P BSE SmallCap was higher by 0.90%.
Seventeen out of 19 sectors compiled by BSE advanced while S&P BSE Realty, S&P BSE Metal and S&P BSE Capital Goods.
The market breadth was tilted in the favour of buyers. About 2,108 stocks rose, 1,469 declined, and 195 remained unchanged on the BSE.
Adani group company stocks breached their three-day run as ACC Ltd., and Ambuja Cement Ltd. declined in trade.
Alembic Pharma Gets U.S. FDA Nod For Generic Cancer Drug
Shares of Alembic Pharmaceuticals Ltd. rose 4.03% to Rs 523 apiece in trade on Monday after it received approval from the U.S. health regulator to market a generic drug to treat cancer.
The drug maker has received approval from the U.S. Food & Drug Administration for Fluorouracil Injection, it said in an exchange filing.
The approved product is therapeutically equivalent to Spectrum Pharmaceuticals Inc.'s product.
Fluorouracil injection is indicated for the treatment of patients with adenocarcinoma of colon and rectum, adenocarcinoma of the breast, gastric adenocarcinoma and pancreatic adenocarcinoma.
The stock gained as much as 4.61% intraday, rising the most in over 10 weeks since Dec. 21, 2022. Total traded volume stood at 1.8 times its 30-day average. The relative strength index was at 50.
Out of the 19 analysts tracking the company, seven maintain a 'buy' rating, eight recommend a 'hold' and four suggest to 'sell' the stock.
The return potential as calculated by the consensus of analyst estimates, stand at an upside of 17.3% over the next 12 months.
Source: Bloomberg