BSE Sensex, NSE Nifty open in green on Monday; bank stocks among top gainers
Markets today continued where they left off on Friday with both Sensex and Nifty opening in green. While the BSE Sensex opened higher by over 249.49 points at 31,838.21 the NSE Nifty in the opening trade was up by over 45 points at 9,312.25 45.50
Markets today continued where they left off on Friday with both Sensex and Nifty opening in green. While the BSE Sensex opened higher by over 249.49 points at 31,838.21 the NSE Nifty in the opening trade was up by over 45 points at 9,312.25 45.50.
At 9:20 am the top performers on Sensex in the opening trade on Monday were HDFC Bank, Infosys, Kotak Mahindra Bank, HCL Technologies and Tech Mahindra while Mahindra & Mahindra, Asian Paints, Indusind Bank, ONGC and Axis Bank were the top losers. out of 30 stocks 9 were trading in green while the remaining 21 in the red.
Meanwhile, top performers on Nifty in Monday trade were Maruti Suzuki, Infosys, JSW Steel, Kotak Mahindra Bank and Axis Bank. Top losers on Nifty were Eicher Motors, Grasim Industries, Indusind Bank, GAIL and Tata Steel.
The rupee was trading stronger when the markets reopened on Monday at Rs 76.5400 from the Friday close at 76.5800.
On Fridayday, both the Sensex and Nifty ended the day in the green. The BSE Sensex went up by over 986 points or 3.22 per cent and closed at 31,588.72 levels while the NSE Nifty index was up by almost 3 per cent or over 273 points ending the day at 9,266.75 levels.
Among the global bourses, caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiralling to 20-year lows, Reuters reported.
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Japan reported its exports fell almost 12% in March from a year earlier, with shipments to the United States down over 16%. Early readings on April manufacturing globally are due on Thursday and are expected to show recession-like readings, the report said. MSCI`s broadest index of Asia-Pacific shares outside Japan eased 0.2% in slow trade, with a pause needed after five straight weeks of gains. Japan`s Nikkei fell 0.9% and Shanghai blue chips 2.4% even as China cut benchmark interest rates as widely expected.
Inputs from Reuters
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