sensex today: ET Market Watch: Sensex up 300 points, Nifty above 22,100 level
The Indian market reversed its downward trend thanks to a rebound in IT stocks.
Key domestic and U.S. economic data are expected to be released later this week. Nifty closed at 22,198 and Sensex closed at 73,095.
Top Winners and Losers
Tata Motors, TCS, Power Grid, IndusInd Bank and Sun Pharmaceuticals were the top gainers, while decliners were Hero MotoCorp, Bajaj Finance, SBI, Bajaj Finserv and Divi’s Laboratories.
Performance by sector
Nine out of 15 Nifty sectoral indices settled with a positive bias led by Nifty Realty, which rose more than 1%. Nifty IT also took the lead with TCS. Nifty Auto closed with a gain of 0.71%.
PSU banks and FMCG faced the ire of investors.
global market
Most major Asian indices closed in the green with China’s Shanghai Composite being the clear winner among its peers. The index closed up 1.3%, followed by Hong Kong’s Hang Seng, up nearly 1%. Japan’s Nikkei 225 index closed up 5 points.
Rupees and Oil
The Indian rupee closed flat due to decreased dollar demand from domestic oil companies. The rupee closed at 82.8975 against the US dollar. Oil prices also rose slightly, but showed a slight decline.
