Markets at 10 AM
LIVE market updates: Equities extended their gains and were trading near the day’s high level post opening tick. The S&P BSE Sensex was at 59,179 level, up 392 points, while the Nifty50 was at 17,633, up 122 points.
Bajaj Finance, Nestle India, Reliance Industries, and Bajaj Finserv were the only 4 stocks trading in the red on the Sensex.
In the broader markets, the MidCap and SmallCap indices on the BSE were up 0.6 per cent and 1 per cent, respectively.
Meanwhile, Tega Industries made a bumper listing on the stock exchanges. The stock debuted at a 67.7 per cent premium on the National Stock Exchange, at Rs 760 per share. The issue price was Rs 453. On the BSE, the shares listed at Rs 753.
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Opening Bell
LIVE market updates: Bulls reigned on Dalal Street in early deals on Monday, riding on the back of firm global equities and bargain buying in metal and PSU bank stocks.
The S&P BSE Sensex zoomed 326 points, or 0.52 per cent, to quote at 59,113 levels. The Nifty50, meanwhile, rallied above 17,600-mark, up 100 points. This was the 50-pack index’s highest level since November 22.
Barring Bajaj Finance, all other Sensex stocks were trading with bullish bias. Power Grid (up 3 per cent), Axis Bank, NTPC, ICICI Bank, Sun Pharma, and Asian Paints were the outperforming stocks on the index.
In the broader markets, the BSE MidCap and SmallCap indices added 0.66 per cent and 0.94 per cent, respectively.
Individually, shares of PB Fintech (Policybazaar) were down 2 per cent as its anchor lock-in period ended today.
Dixon Technologies, on the other hand, was up 4.5 per cent. Global brokerage Jefferies has a “buy” call on the stock with a target price of Rs 6,450.
Among sectors, the Nifty Metal index was up 1.5 per cent, followed by the Nifty Realty index (up 1 per cent). All other sectoral indices were up in the range of 0.4 per cent to 0.9 per cent.
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Pre-open session
LIVE market updates:
Benchmark indices were back above their crucial levels in pre-market session on Monday. The BSE Sensex index reclaimed the 59,000-mark as it gained over 300 points or 0.5 per cent. The Nifty50, too, was back above 17,600-mark.
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LIVE market updates: Tracking solid global set-up, domestic equities look set to soar in early trade on Monday. At 8:10 AM, SGX Nifty was at 17,668 compared with Nifty’s spot close of 17,511 on Friday.
Asia-Pacific markets jumped in morning trade today as investors turn their focus to a number of monetary policy meetings happening this week.
In Japan, the Nikkei 225 rose 0.92 per cent while the Topix index added 0.38 per cent. South Korea’s Kospi added 0.7 per cent and Australia’s benchmark ASX 200 rose 0.6 per cent.
Primary market update
The three-day IPO of MapmyIndia, which has been subscribed 6.16 times, will close later in the day, while that of Metro Brands will enter its second day.
Meanwhile, MedPlus Health Services Ltd’s initial public offering (IPO) will open for subscription today. The firm is looking to raise Rs 1,398.71 crore at the upper end of the price band of Rs 780-796 per share.
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