Stock Market Today: Nifty tops 18,000 (Representational)
Mumbai:
Equity benchmark indices started the commerce on a agency notice on Monday, extending their earlier day’s rally, amid steady overseas fund inflows.
The 30-share BSE Sensex climbed 188.57 factors to 62,216.47. The NSE Nifty gained 48.9 factors to 18,363.70.
Among the Sensex corporations, Tata Motors jumped over 3 per cent after asserting its This fall earnings. Tech Mahindra, Asian Paints, Hindustan Unilever, ExtremelyTech Cement, Bharti Airtel, Infosys and Nestle had been the opposite largest gainers.
Fuelled by rising home demand, pricing actions and easing provide chain points, Tata Motors reported a consolidated web revenue of Rs 5,408 crore for the March quarter and goals to enhance the revenue margins this fiscal regardless of headwinds.
Maruti, IndusInd Bank, NTPC and Tata Steel had been among the many laggards.
Foreign Institutional Investors (FIIs) had been consumers on Friday as they purchased equities price Rs 1,014.06 crore, based on change information.
Foreign traders have proven sturdy shopping for curiosity in Indian equities in May and invested greater than Rs 23,152 crore within the first fortnight.
In Asia, Tokyo and Hong Kong markets had been buying and selling within the inexperienced, whereas Seoul and Shanghai quoted decrease.
The US market ended marginally decrease on Friday.
“Even although the Congress victory within the Karnataka elections was a lot better-than-expected, it’s unlikely to have a adverse influence on markets, which within the near-term is pushed primarily by FPI inflows backed by bettering fundamentals,” stated V Okay Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The BSE benchmark had gained 123.38 factors or 0.20 per cent to settle at 62,027.90 on Friday, the very best closing degree since December 12, 2022. The Nifty edged up 17.80 factors or 0.1 per cent to 18,314.80.
Meanwhile, world oil benchmark Brent crude declined 0.84 per cent to USD 73.55 per barrel.