Sensex Today: Key benchmark indices opened with firm gains on Monday and scaled new all-time highs
Sensex Today: Key benchmark indices opened with firm gains on Monday and scaled new all-time highs for the third straight day tracking strength in global equities. The BSE Sensex rose 300 points to its new high of 65,017 and the NSE Nifty50 jumped 80 points to 19,278.
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M&M, Ultratech Cement, HDFC twins, Tata Motors, SBI led gains on the Sensex, rising 1-3 per cent, while JSW Steel was the additional winner on Nifty.
On the flip side, Power Grid, Sun Pharma, Axis Bank and Tech were among the few frontline drags.
The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.8 per cent.
Global Cues
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Asian shares edged higher on Monday as demand for tech stocks buoyed Japan’s market, while a data-packed week promises to be pivotal in the outlook for the Chinese economy and US interest rates.
Tokyo stocks opened higher on Monday, after Wall Street rallied on signs of inflation cooling. The benchmark Nikkei 225 index was up 1.30 per cent, or 431.73 points, at 33,620.77 in early trade, while the broader Topix index added 1.04 per cent, or 23.74 points, to 2,312.34.
Wall Street’s three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time.
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Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts.
