Mumbai, Dec 23 (IANS) After witnessing a decline of about 5 per cent over the previous five consecutive trading sessions, the domestic benchmark indices closed in green on Monday amid strong global cues.
Heavy buying was seen in the realty and PSU bank sectors of Nifty.
At closing, Sensex settled at 78,540.17, up by 498.58 points or 0.64 per cent and Nifty ended at 23,753.45, up by 165.95 points, or 0.70 per cent.
Nifty Bank ended at 51,317.60 up by 558.40 points, or 1.10 per cent. The Nifty Midcap 100 index closed at 57,092.9 at the end of trading after gaining 186.15 points, or 0.33 per cent. While Nifty Smallcap 100 index closed at 18,687.80 after dropping 26.50 points or 0.14 per cent.
The Indian market demonstrated optimism following the recent sell-off.
According to experts, the lower-than-expected US personal consumption expenditure (PCE) print bolstered investor sentiment in interest rate-sensitive sectors. Broad-based buying was observed, with the metals sector notably benefiting from the anticipated increase in steel import taxes.
“Despite the positive market sentiment, the short-term outlook is expected to remain sideways due to a lack of new catalysts and the impact of the festive season and holidays,” they added.
On the Bombay Stock Exchange (BSE), 1,640 shares ended in green and 2,445 in red, whereas there was no change in 133 shares.
On the sectoral front, all sectors ended in green except Auto, Media and Healthcare.
In the Sensex pack, ITC, Tech Mahindra, HDFC Bank, IndusInd Bank, Titan, SBI, ICICI Bank, Adani Ports, Tata Steel and Bharti Airtel were the top gainers. Whereas, Zomato, Maruti, Nestle India, HCL Tech and Bajaj Finserv were the top losers.
Foreign institutional investors (FIIs) sold equities worth Rs 3,597.82 crore on December 20, while domestic institutional investors bought equities worth Rs 1,374.37 crore on the same day.
In early trade, the Indian stock market jumped more than 600 points in amid positive mixed global cues.
–IANS
skt/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
