Among the major indices, the top-line S&P BSE Sensex finished at 50,441 levels, or 36 points, or 0.07 percent higher. The index reached an intraday high and low of 50.986 and 50.318, respectively. Infosys, L&T, Reliance Industries, Axis Bank, and State Bank of India were the main contributors to the index’s earnings today.
In absolute terms, L&T, ONGC, HCL Tech, Axis Bank, NTPC and SBI were the main winners, between 1.5% and 3.5% in the Sensex, while Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Auto, HDFC, and HUL. up to 2.3 percent, they were the main laggards.
On the NSE, the Nifty50 index closed at 14,956 levels, an increase of 25 points or 0.12 percent. The advance-to-decline ratio held on par with 27 stocks that closed in the green for the day, versus 23 stocks that fell on the index.
In the broader market, the S&P BSE MidCap and SmallCap indices closed 0.3% and 0.6% higher, respectively.
Trends among the sector indices remained subdued with the Nifty PSU Bank, Metal and IT indices ending up 1.5% higher on the NSE. Meanwhile, the Nifty Realty, FMCG and Auto indices finished down 1%.
Global markets
Global stocks fell on Monday as the Senate’s passage of a $ 1.9 trillion stimulus bill put new pressure on Treasuries and highly-priced tech stocks, fueling inflation jitters. .
The MSCI World Equity Index fell 0.1% as gains in European cyclical and travel stocks were offset by losses in Asia. Chinese stocks posted their biggest drop in seven months, 3.5 percent, on concerns Chinese officials could tighten policy to curb soaring valuations.
Nasdaq futures fell 2 percent in early European trading, reversing initial gains, while S&P 500 futures fell 1 percent as investors looked beyond the benefits of the tax package.
(With input from Reuters)
.
