Bajaj Auto, M&M, ONGC gain 3% each on NSE
Bajaj Auto remained the top gainer on NSE ending 3.66 per cent higher, closely followed by M&M and ONGC gaining around 3 per each.
Sectoral trends:: Nifty PSU Bank, Realty and Nifty Auto advance
The Nifty PSU Bank outperformed across sectors ending 3.41 per cent higher, followed by Nifty Realty, and Nifty Auto among others
Broader markets outperform benchmarks
The broader indices outran benchmarks on Monday, with BSE SmallCap as well as BSE MidCap index closed 0.73 per cent higher each.
Heatmap check: M&M, SBI top gainers on Sensex
M&M was the top gainer on Sensex at close on Monday, rising 3.18 per cent and was followed by SBI, Bharti Airtel and HUL among others.
Closing Bell: Nifty finishes 148 points higher at 25,939
NSE’s Nifty50 index, too, ended on a new all time closing high of 25,939 level, up 148 points or 0.57 per cent on Monday.
Closing Bell: Sensex ends at fresh lifetime high of 84,928.61
The benchmark index BSE Sensex closed 384 points or 0.45 per cent higher at fresh record close of 84,928.61 level on Monday.
Stock Market LIVE Updates: Amber Enterprises zooms 19%, stock hits new peak on strong growth outlook
Shares of Amber Enterprises hit a record high of Rs 5,177.95, skyrocketing 19 per cent on the BSE in Monday’s intra-day trade on expectation of strong earnings growth. The company\, engaged in household appliances business is also likely to witness healthy revenue growth going ahead, driven by strong traction in the electronics manufacturing service (EMS) industry.
At 02:40 pm; Amber was trading 15 per cent higher at Rs 4,991 a piece, as compared to 0.42 per cent rise in the BSE Sensex. The stock surpassed its previous high of Rs 4,880 that it touched on July 9, 2024. Read more
Stock Market LIVE Updates: 3 PM market update – Benchmarks at fresh record high
Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading at record high levels on Monday.
At 3:00 PM, the BSE Sensex was up 340 points, or 0.40 per cent, at 84,885, while the Nifty 50 was at 25,923, up 132 points, or 0.51 per cent
Stock Market LIVE Updates: Govt steps up buffer stock sale to control onion prices after duty removal
Stock Market LIVE Updates: About 83% of Indian buyers will consider new energy vehicles by 2030, study reveals
Stock Market LIVE Updates: ‘Rupee appreciated on Monday amid positive domestic markets’
— However, Rupee lost initial gains on a strong American currency (US Dollar) and firm crude oil prices.
— The US Dollar recovered on disappointing PMI data from France, Germany, Eurozone, and the UK. India’s Services PMI fell to 58.9 in August VS 60.9 in July.
— However, a recovery in the greenback and elevated crude oil prices may cap sharp upside.
— Investors may watch out for US GDP, consumer confidence and core PCE price index data from the US this week. We expect USDINR to trade in the range of 83.35-83.75
Views by: Anuj Choudhary, research analyst, Sharekhan by BNP Paribas
Stock Market LIVE Updates: myTVS launches Mobility-as-a-Service for last-mile EV fleet operators
Stock Market LIVE Updates: Fresh formal hirings increase in July by 2.5% to 1.05 million, EPFO data finds
Stock Market LIVE Updates: Nifty FMCG hits record high
Stock Market LIVE Updates: Upcoming IPO! Casagrand Premier files DRHP for Rs 1,100-cr issue with Sebi
First Published: Sep 23 2024 | 7:52 AM IST