Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The main equities indexes concluded Monday’s trading session with a gain. The BSE Sensex gained 329.85 points, or 0.52%, to 64,112.65, while the NSE Nifty 50 surged 93.65 points, or 0.49%, to close at 19,140.90. The wider indices mostly settled in the green. To reach 43,039.15, the Bank Nifty index gained 257.15 points, or 0.60%. The India Vix, a measure of volatility, finished at 5.36%. Auto, FMCG, and media stocks concluded Monday’s trading session lower, with real estate stocks leading the gains among sectoral indices, rising by 2.14%. On the NSE, the top gainers were BPCL, UltraTech Cement, ONGC, RIL, and SBI Life Insurance; the top laggards were UPL, Tata Motors, Maruti Suzuki India, Eicher Motors, and Axis Bank.
The volatility index (India Vix) ended up 5.36%.
“USDINR CMP- 83.2650 (spot) Indian Rupee traded on a flat note with a slight negative bias on strong US Dollar and selling pressure from FIIs. We expect Rupee to trade with a slight negative bias on geopolitical uncertainty in the Middle East which may lead to safe haven demand for US Dollar. Month end Dollar demand from importers and OMCs and weak global market sentiments may weigh on the domestic currency. However, weak crude oil prices and any intervention by the RBI may support Rupee at lower levels. Investors may remain cautious ahead of FOMC meeting later this week. USDINR spot price is expected to trade in a range of Rs 83 to Rs 83.60,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
(Photo: NSE)
