Indian equities finished the trading day in positive territory on Monday, with gains concentrated in Real Estate, Power and Metals stocks. The benchmark Nifty 50 closed up 0.81% on the National Stock Exchange (NSE), while the BSE Sensex 30 rose 0.83% on the Bombay Stock Exchange (BSE).
Top movers on the NSE
- Sun Pharmaceutical Industries Ltd. (NSE:SUN) was the session's best performer on the Nifty 50, advancing 6.89% - a rise of 111.60 points - to finish at 1,732.00.
- IndusInd Bank Ltd. (NSE:INBK) added 6.37% or 54.00 points to close at 901.95.
- Jio Financial Services Ltd (NSE:JIOF) rose 3.61% or 8.87 points to end the session at 254.60.
Largest decliners on the NSE
- Shriram Finance Ltd. (NSE:SHMF) fell 3.69% or 37.30 points to trade at 974.00 at the close.
- Axis Bank Ltd (NSE:AXBK) declined 2.97% or 40.50 points to finish at 1,325.40.
- Bharat Electronics Ltd (NSE:BAJE) slipped 1.90% or 8.45 points to close at 436.00.
BSE movers
- On the BSE Sensex 30, Sun Pharmaceutical Industries Ltd. (BO:SUN) rose 6.98% to 1,732.95.
- IndusInd Bank Ltd. (BO:INBK) was up 5.97% to settle at 898.95.
- Reliance Industries Ltd (BO:RELI) gained 3.19% to close at 1,370.00.
BSE laggards
- Axis Bank Ltd. (BO:AXBK) was down 2.95% to 1,325.85 in late trade.
- ICICI Bank Ltd (BO:ICBK) lost 0.70% to settle at 1,317.00.
- Eternal Ltd (BO:ETEA) declined 0.64% to 255.10 at the close.
Market breadth and volatility
Advancers outnumbered decliners on both primary bourses. On the NSE, 1,958 shares rose compared with 594 that fell, while 45 ended unchanged. On the BSE, 2,876 issues gained, 1,224 declined and 183 were unchanged. The India VIX, which reflects implied volatility for Nifty 50 options, eased 6.85% to 18.36.
Commodities and currencies
In commodities markets, Gold Futures for June delivery were down 0.43% or 20.40 to $4,720.50 a troy ounce. Crude oil futures for June delivery rose 2.03% or 1.92 to $96.32 a barrel, while the July Brent oil contract climbed 2.29% or 2.27 to trade at $101.40 a barrel.
On the currency front, USD/INR was down 0.05% to 94.19, and EUR/INR rose 0.11% to 110.60. The US Dollar Index Futures fell 0.23% to 98.14.
What this means
Monday's session saw a broad move higher in equities led by select large-cap and financial names, with volatility retreating and market breadth firmly in favor of advancing stocks. Commodity prices posted mixed moves, with oil stronger and gold softer, while the rupee was little changed against the dollar and modestly firmer against the euro.
Data points and price moves cited reflect the market close on the day referenced in this report.