HomeMarketsIndian MarketsSensex gains 300 points; Nifty over 18,600; Axis Bank, M&M gains

Sensex gains 300 points; Nifty over 18,600; Axis Bank, M&M gains

On Monday, key local indexes began higher, following the lead of global markets, as US shares advanced after the passage of the debt limit agreement in the US Senate. The BSE Sensex, which is used as a benchmark, increased by 366.38 points, or 0.59 percent, to 62,913.49, while the wider NSE Nifty increased by 46.35 points, or 0.25 percent, to 18,534.10.

At 9:40 in the morning, the Sensex had gained 290.76 points, which is equivalent to 0.46 percent, and was trading at 62,837.87. Meanwhile, the Nifty50 had gained 74.70 points, which is equivalent to 0.40 percent, and was trading at 18,608.80. At this point in time, the most notable gainers were Axis Bank and Mahindra & Mahindra.

During the first few minutes of trading, the companies that performed the best were Hindalco, Hero MotoCorp, Apollo Hospital, Tata Steel, Maruti Suzuki, Mahindra & Mahindra, ICICI Bank, Tata Motors, and Wipro.

The Nifty MicroCap 250 increased 0.98 percent, the Nifty Smallcap 250 increased 0.67 percent, the Nifty Smallcap 100 increased 0.60 percent, and the Nifty Midcap 400 increased 0.53 percent, demonstrating that broader markets also contributed to the winning rise.

The companies that have suffered the most losses up to this point include Divis Lab, BPCL, Tech Mahindra, Asian Paints, Cipla, IndusInd Bank, Hindustan Unilever, Eicher Motors, Coal India, and Dr. Reddy’s.

The Nifty Media index increased 0.89 percent, the Nifty Private Bank index jumped 0.66 percent, the Nifty Bank index rose 0.56 percent, and the Nifty Auto index rose 0.56 percent. All sectors were trading in the positive.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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