Stock Market Update Today: Benchmark fairness indices Sensex and Nifty rebounded sharply on Monday, surging almost 2 per cent, on heavy shopping for in Reliance Industries and a rally in Asian markets.
The 30-share BSE Sensex jumped 1,240.90 factors or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 factors or 1.85 per cent to 72,010.22.
The Nifty climbed 385 factors or 1.80 per cent to 21,737.60.
Among the Sensex companies, Reliance Industries jumped almost 7 per cent, contributing essentially the most to the rally in markets.
Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and ExtremelyTech Cement have been the opposite main gainers.
ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services have been the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong settled within the optimistic territory whereas Shanghai ended decrease.
European markets have been buying and selling largely decrease. The US markets had ended on a blended word on Friday.
Global oil benchmark Brent crude declined 0.18 per cent to USD 83.40 a barrel.
Markets have been closed on Friday on account of Republic Day.
On Thursday, the BSE benchmark declined 359.64 factors or 0.51 per cent to settle at 70,700.67 factors whereas the Nifty fell 101.35 factors or 0.47 per cent to 21,352.60 factors.
Foreign Institutional Investors (FIIs) offloaded equities value Rs 2,144.06 crore on Thursday, in line with change information.
Stock Markets Trends This Week
Interim finances, the US Federal coverage choice and quarterly earnings would be the main drivers for inventory markets which can additionally see some consolidation this week, say analysts.
Besides, buyers would additionally give attention to the buying and selling exercise of overseas buyers and international traits for additional cues.
From the macroeconomic entrance, the PMI (Purchasing Managers’ Index) information for the manufacturing sector is scheduled to be introduced on Thursday.
Budget 2024 Date
Finance Minister Nirmala Sitharaman will current the interim finances for 2024-25 on February 1 (Thursday). The Federal Open Market Committee assembly will likely be held on January 30 and 31.
(With PTI inputs)
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