Sensex, Nifty, Share Market, Stock Market Today: Sensex surges 545 factors, Nifty settles above 17,300-mark

Sensex Today, Share, Stock Market News Today: The benchmark indices on the BSE and National Stock Exchange (NSE) prolonged their features for the fourth straight session, ending round 1 per cent larger on Monday amid constructive international cues.

The S&P BSE Sensex surged 545.25 factors (0.95 per cent) to finish at 58,115.50 whereas the Nifty climbed 181.80 factors (1.06 per cent) to settle at 17,340.05.

On the Sensex pack, Mahindra & Mahindra (M&M), Power Grid Corporation of India, NTPC, Bharti Airtel, Reliance Industries, Maruti Suzuki India, Kotak Mahindra Bank, UltraTech Cement, Wipro and ITC had been the highest gainers on Monday. In distinction, Sun Pharmaceutical Industries, Hindustan Unilever, IndusInd Bank, Nestle India and Asian Paints had been the highest laggards.

Among the sectoral indices on NSE, Nifty Auto surged 3.27 per cent, Nifty Media rose 2.30 per cent, Nifty Oil & Gas gained 2.12 per cent and the Bank Nifty climbed 1.10 per cent.

In the broader market, the S&P BSE MidCap index ended at 24,413.45, up 362.55 factors (1.51 per cent) whereas the S&P BSE SmallCap settled at 27,455.38, up 399.00 factors (1.47 per cent). On NSE, the volatility index or India VIX surged 5.64 per cent to 17.49.

“FPIs turning net buyers is the major factor driving the uptick in the domestic market. Record low unemployment rate in the Eurozone and fall in crude oil prices, increased optimism globally. Oil prices took a hit as the deteriorating demand outlook outweighed cues of ongoing supply tightness. Auto stocks were in focus post the release of positive auto sales numbers,” stated Vinod Nair, Head of Research at Geojit Financial Services.

Global Markets (from AP)

World shares had been largely larger on Monday after a powerful shut on Wall Street final week, although the newest manufacturing surveys confirmed weakening manufacturing unit exercise in Asia’s two greatest economies: China and Japan.

Germany’s DAX gained 0.3 per cent to 13,522,83 whereas the CAC 40 in Paris added 0.4 per cent to six,473.00. Britain’s FTSE 100 climbed 0.4 per cent to 7,455.55.

The futures for the S and P 500 and the Dow industrials had been 0.2 per cent decrease.

In Asian buying and selling, Tokyo’s Nikkei 225 index gained 0.7 per cent to 27,993.35 whereas the Shanghai Composite index edged 0.2 per cent larger, to three,259.96. In Sydney, the S and P/ASX 200 rose 0.7 per cent to six,993.00. The Kospi in Seoul ended practically unchanged at 2,452.25 and Hong Kong’s Hang Seng edged lower than 0.1 per cent larger to twenty,163.08.