Stock Market Today: Sensex rallies 322 factors, Nifty settles over 17,900-mark led by IT shares

Share Market News Today, Sensex, Nifty, Share Price Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) continued their profitable momentum for the third consecutive session on Monday and ended over 0.5 per cent led by features in IT and choose monetary shares amid features within the international market.

The S&P BSE Sensex surged 321.99 factors (0.54 per cent) to finish at 60,115.13 whereas the Nifty 50 rose 103.00 factors (0.58 per cent) to settle at 17,936.35. Both the indices had opened over 0.4 per cent increased earlier within the day and traded within the inexperienced all through the session. The BSE benchmark hit an intraday excessive of 60,284.55 and the broader Nifty touched 17,980.55.

On the Sensex pack, Titan Company, Axis Bank, Tech Mahindra, Tata Steel, Infosys, Bajaj Finance, Ultratech Cement, Wipro, Reliance Industries (RIL) and Tata Consultancy Services (TCS) had been the highest gainers on Monday. In distinction, the HDFC twins – Housing Development Finance Corporation (HDFC) and HDFC Bank had been the highest losers adopted by Nestle india, Hindustan Unilever (HUL), Mahindra & Mahindra (M&M) and Bajaj Finserv.

Among the sectoral indices, the Nifty IT index rose 1.42 per cent, Nifty Media climbed 1.98 per cent, Nifty Realty surged 2.20 per cent and Nifty Consumer Durables gained 1.35 per cent.

In the broader market, the S&P BSE MidCap rose 230.21 factors (0.89 per cent) to finish at 26,167.43 whereas the S&P BSE SmallCap settled at 29,823.68, up 294.94 factors (1.00 per cent).

Commenting on the Nifty, Rupak De, Senior Technical Analyst at LKP Securities mentioned “Nifty started on a positive note following strong global cues. On the higher end, Nifty found resistance before ending with a gain of ~0.60 per cent. The daily momentum indicator RSI remains in the green crossover. The short-term trend is likely to remain strong as long as it remains above 17,700. On the higher end, Nifty has resistance at 18,000-18,100 zone. Support is seen at 17,880/17,770.”

Global Market (from Reuters)

European shares jumped on Monday after Ukrainian forces made a fast advance in Kharkiv province in Russia’s worst setback since its Kyiv push was deserted in March, whereas the euro prolonged on final week’s European Central Bank impressed features.

On Saturday, Moscow deserted its fundamental bastion in northeastern Ukraine, in a sudden collapse of one of many battle’s principal entrance traces after Ukrainian forces made a fast advance.

The broad pan-European STOXX 600 index was up 0.7 per cent in early commerce, hitting its highest because the finish of August. Germany’s DAX rose 1.4 per cent, France’s CAC 40 and Britain’s FTSE 100 each jumped 1 per cent.

Asian shares additionally rallied in sluggish buying and selling with China and South Korea out for a vacation. MSCI’s broadest index of Asia-Pacific shares exterior Japan added 0.7 per cent, having bounced modestly from a two-year low hit final week. Japan’s Nikkei added one other 1.2 per cent, after rallying 2 per cent final week.