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Stock Market Today: Sensex, Nifty Advance For The Second Day As Auto Stocks Gain; Axis Bank, M&M Lead

Sensex was up 240 points or 0.38% at 62,787.47 while the Nifty was 60 points or 0.32% at 18,593.85.

<div class="paragraphs"><p>The Bombay Stock Exchange (BSE) logo on barrier tape at the bourse in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg</p></div>
The Bombay Stock Exchange (BSE) logo on barrier tape at the bourse in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg
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The S&P BSE Sensex Index was up 240 points or 0.38% at 62,787.47 while the NSE Nifty 50 Index was 60 points or 0.32% at 18,593.85.
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Rupee Weakens Against The U.S. Dollar

  • The local currency depreciated by 38 paise to close at 82.68 against the U.S dollar on Monday.

  • The local currency closed at 82.30 on Friday.

Source: Bloomberg


Sensex, Nifty End Higher For The Second Day: Closing Bell

Indian equity benchmarks held on to gains through Monday after slipping marginally ahead of closing. Nifty Auto Index was the top sectoral gainer and hit a record high in trade, while the Nifty FMCG Index pared gains after hitting an all-time high for the seventh straight session. Axis Bank Ltd., Mahindra & Mahindra Ltd. and ICICI Bank Ltd. led the gains on the indices.

The headline indices were trading in a bull market on Monday after the S&P 500 Index inched closer to it on Friday. Sensex advanced 23.3%, whereas, NSE Nifty 50 was up 22.5% from its low on June 17, 2022, implying that the indices were already trading in a bull market. Generally, this occurs when there is a rise of 20% or more in the market indices over a two-month period.

U.S. futures were steady after Friday’s U.S. payroll data helped take the underlying S&P 500 to the cusp of a bull market.

In Europe, stocks edged higher, following gains for benchmarks in Asia. In Tokyo, the Nikkei 225 climbed as much as 2%, headed for its highest close since July 1990, helped by a sharp weakening of the yen last week. The S&P 500 closed just a few points away from entering a bull market on Friday — a level which would see it rising 20% from its October low.

The S&P BSE Sensex Index was up 240 points or 0.38% at 62,787.47 while the NSE Nifty 50 Index was 60 points or 0.32% at 18,593.85.

Axis Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., ICICI Bank Ltd., and Larsen and Toubro Ltd. were positively adding to the change in the Nifty 50 Index.

Whereas, ITC Ltd., HDFC Bank Ltd., Kotak Mahindra Bank Ltd., TCS Ltd., and Hindustan Unilever Ltd. were negatively contributing to the change.

The broader markets were ended higher; the S&P BSE MidCap Index was up 0.29%, whereas S&P BSE SmallCap Index was higher by 0.51%.

Seventeen out of the 20 sectors compiled by BSE advanced, except S&P BSE Fast Moving Consumer Goods, S&P BSE Information Technology and S&P BSE Teck.

The market breadth was skewed in the favour of the buyers. About 2,183 stocks rose 1,482 declined, and 175 remained unchanged on the BSE.


Stocks At 52-Week High Intraday 


Som Distilleries & Breweries Scales Up Beer Market Share in Madhya Pradesh.

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Source: Exchange filing


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