Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: Benchmarks in the United States On Monday, the NSE Nifty 50 and BSE Sensex ended their two-day drop. The Sensex increased by 0.41% to 65,216.09, and the Nifty 50 gained 83 points, closing near 19,400 at 19,393.6. In the broader market, the Nifty Next 50 rose 0.8%, while the smallcap and midcap benchmarks also rose. Bank Nifty recovered the 44,000 mark, but Nifty IT and Nifty Metal surged, closing more than 1% higher. Nifty PSU Bank was the biggest loser, falling more than 0.6%.
“Gold gained ground today, driven by a retreat in US treasury yields and renewed safe-haven demand stemming from concerns about the Chinese economy. However, these gains have been relatively modest. The participation in gold continues to decline and remains at a very low level, amid declining prices of gold. We believe this decline has paved the way for a favourable investment opportunity.”
Shares in the Asia-Pacific region were trading mixed on Monday. China’s Shanghai Composite and Shenzhen Component were lower by 0.41% and by 0.23% respectively. Japan’s Nikkei 225 traded with gains of 0.28%. South Korea’s Kospi declined 0.59% while Hong Kong’s Hang Seng fell 0.88%. The Taiwan Weighted index recorded a gain of 0.07%.
The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell, according to Reuters. S&P 500 slipped 0.01%, the Nasdaq Composite fell 0.2%, and the Dow Jones Industrial Average gained 0.07%.
Source:FE
