Indian equity markets closed in positive territory on Monday as gains in Consumer Durables, Real Estate and Banking sectors underpinned buying across both exchanges.
At the National Stock Exchange close, the Nifty 50 had gained 1.12%, while the BSE Sensex 30 finished the session 1.07% higher. Market breadth was tilted in favor of advancers on both bourses.
Top movers on the Nifty 50
- Trent Ltd (NSE:TREN) led the Nifty constituents, jumping 7.87% or 279.30 points to finish at 3,829.90.
- SBI Life Insurance Company Ltd (NSE:SBIL) added 3.74% or 66.40 points to close at 1,840.40.
- Axis Bank Ltd (NSE:AXBK) advanced 3.73% or 44.70 points to end the session at 1,242.60.
Laggers on the Nifty 50
- Reliance Industries Ltd (NSE:RELI) was among the weakest, falling 3.30% or 44.50 points to close at 1,306.00.
- Oil And Natural Gas Corporation Ltd (NSE:ONGC) declined 2.04% or 5.85 points to finish at 281.35.
- Eicher Motors Ltd. (NSE:EICH) slipped 0.86% or 57.50 points to end at 6,592.00.
BSE Sensex 30 movers
- Axis Bank Ltd. (BO:AXBK) rose 3.81% to 1,243.75.
- Titan Company Ltd (BO:TITN) climbed 3.63% to settle at 4,246.40.
- UltraTech Cement Ltd (BO:ULTC) gained 3.14% to close at 10,960.00.
BSE laggards
- Reliance Industries Ltd (BO:RELI) fell 3.32% to 1,306.00 in late trade.
- HCL Technologies Ltd (BO:HCLT) lost 0.20% to settle at 1,399.00.
- Sun Pharmaceutical Industries Ltd. (BO:SUN) was up 0.03% to 1,695.10 at the close.
Market internals on the NSE showed 1,972 stocks advanced and 583 declined, with 34 unchanged. On the Bombay Stock Exchange, 2,974 issues rose, 1,118 declined and 174 finished flat.
The India VIX, the implied volatility gauge for Nifty 50 options, inched up 0.15% to 25.56, indicating a slight increase in expected near-term volatility.
Commodities and currencies
Gold futures for June delivery increased 0.78% or 36.35 to $4,716.05 a troy ounce. In energy markets, crude oil for May delivery fell 0.86% or 0.96 to $110.58 a barrel, while the June Brent contract declined 0.51% or 0.56 to trade at $108.47 a barrel.
On the currency front, the rupee weakened against the dollar and euro on the day. USD/INR moved up 0.35% to 93.02, while EUR/INR rose 0.49% to 107.29. The US Dollar Index Futures slipped 0.10% to 99.75.
This session's advances were concentrated in consumer-facing durable goods, property-related names and financials, while resource and energy-related large caps recorded declines. Volatility measures and commodity prices showed mixed directionality, contributing to a nuanced market backdrop at the close.