Indian markets reversed bearish opening trends today due to a rebound in IT stocks
Key domestic and US economic data are due later in the week. Nifty closed at 22,198 while Sensex closed at 73,095.
Top gainers & losers
Tata Motors, TCS, Power Grid, IndusInd Bank and Sun Pharmaceuticals were the top gainers while the top losers were Hero MotoCorp, Bajaj Finance, SBI, Bajaj Finserv, and Divi’s Laboratories.
Sector-wise performance
Out of 15 Nifty sectoral indices, 9 settled with a positive bias led by Nifty Realty, which was up over 1%. Nifty IT also led the way with TCS on top. Nifty Auto closed with gains of 0.71%.
PSU Banks and FMCG were at the receiving end of investors’ ire.
Global markets
Most major Asian indices closed in the green with China’s Shanghai Composite ending up as a clear winner among its peers. The index closed with gains of 1.3% and was followed by Hong Kong’s Hang Seng index, which settled up by nearly 1%. Japanese Nikkei 225 closed with gains of 5 points.
Rupee & Oil
The Indian rupee ended flat due to less dollar demand from domestic oil companies. The rupee closed at 82.8975 against the US dollar. Oil prices also traded with marginal declines though with a minor uptick.
