Share Market Update: IT stocks give Sensex 169 pts lift; Nifty ends above 11,900 mark; TCS, Airtel, Infosys top gainers
Domestic benchmark indices BSE Sensex and NSE Nifty ended Monday's session on a higher note on the back of positive global cues and zoom in tech stocks.
- BSE Sensex and NSE Nifty ended Monday's session on a higher note
- BSE Sensex rose 169 points, or 0.43 per cent, to 39,785
- Out of the 30 BSE constituents, 20 ended the day in the green
Analysts said investors took positive cues from upbeat global markets amid easing global trade war concerns after the US dropped plans to impose tariffs on Mexico. After soaring over 350 points during the day, the BSE gauge settled 168.62 points, or 0.43 per cent, higher at 39,784.52. The index hit an intra-day high of 39,979.48 and a low of 39,619.97. Similarly, the broader NSE Nifty rose 52.05 points, or 0.44 per cent, to settle at 11,922.70. During the day, the index touched a high of 11,975.05 and a low of 11,871.75.
Sectorally, Nifty traded with mixed results. Nifty IT and Nifty FMCG were the top gainers, both up over 1 per cent each, whereas Nifty Media and Nifty PSU Bank indices were the top drags, both down over 1.5 per cent. Investors took positive cues from other Asian markets which were trading positive amid easing global trade war concerns after the United States dropped its threat to impose tariffs on Mexico.
In Asia, Shanghai Composite Index settled 0.86 per cent higher, Hang Seng rallied 2.27 per cent, Nikkei jumped 1.20 per cent and Kospi gained 1.31 per cent. Even bourses in Europe were also trading higher in their early deals. On the currency front, the Indian rupee depreciated 9 paise to 69.55 against the US dollar. Brent crude futures, the global oil benchmark, fell marginally to USD 63.23 per barrel.
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