Stock market today:
Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on Monday. While Nifty50 went above 24,550,
BSE Sensex was up over 750 points. At 3:21 PM, Nifty50 was trading at 24,578.65, up 215 points or 0.88%. BSE Sensex was at 80,557.76, up 700 points or 0.88%.
The top Nifty50 gainers at this hour are Adani Enterprises, Tata Motors, Eternal, SBI, and Grasim Industries. The top Nifty50 losers are Hero MotoCorp, BEL, Hindalco, Tech Mahindra, and Bajaj Finance.
This week will focus on domestic CPI and WPI inflation figures, whilst India-US trade negotiations remain crucial amidst ongoing dialogue for a trade agreement.
US equities finished higher on Friday, with the Nasdaq achieving another record close, supported by technology sector gains, particularly Apple, and positive sentiment regarding potential rate reductions.
Asian equities showed slight gains at opening, with investors remaining prudent ahead of crucial economic releases this week and pending decisions on US tariffs for Chinese exports.
Oil prices declined during early Asian trading Monday, following last week's 4% drop, influenced by increased US tariffs on trading partners, OPEC production increases, and anticipated progress in US-Russia negotiations regarding Ukraine.
Foreign institutional investors increased their net short positions in the futures market from Rs 1.73 lakh crore on Thursday to Rs 1.82 lakh crore on Friday.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Stay informed with the latest business news, updates on bank holidays, public holidays, current gold rate and silver price.
The TOI Business Desk is a vigilant and dedicated team of journal...
Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
Read Less
Start a Conversation
Post comment