Tracking strong closing in the US market on Friday and positive Asian markets this morning, the Indian markets started off to a strong start on Monday.
Tracking strong closing in the US market on Friday and positive Asian markets this morning, the Indian markets started off to a strong start on Monday. Benchmarks Nifty50 and the Sensex gained more than one per cent in the opening trade. The broader Nifty 50 started above 16, 500 and the Sensex gained over 600 points as the two indices opened at 16,527.90 and 55,507.75 respectively
Meanwhile, the Nifty midcap and smallcap gained over one per cent each too.
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Sectorally, auto, consumer durables gained most as all sectorl indices opened in the green on Monday
In the pre-open, the Sensex gained over 600 points as 26 stocks advanced and four shares declined on the 30-share index.
Earlier, SGX Nifty, which indicate opening trend for the Indian market, saw Futures index surging by nearly 150 points on the Singaporean exchange this morning.
Besides, other major Asian indices such as Japanese Nikkei 225, Hang Seng Index at the Hong Kong Exchange and Chinese Shanghai Composite were trading higher by 1.8%, 1.7% and 0.5% respectively on Monday morning.
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The US market also saw strong closing on Friday as Dow Jones gained around 600 points and Nasdaq nearly 400 points to close near the day’s highs.
