New Delhi: On the first day of the week, the share market closed with a red mark on Monday. The BSE Sensex closed around 151 points today. At that time, the Nifty of the National Stock Exchange also fell by almost 60 points. Both the major indices saw gains in the market opening today and the Nifty crossed 18,000 once again. But the market was dominated by selling in later trade and both indices closed with losses.
IT, banking, FMCG and cement stocks in the Sensex saw good gains in today’s trade. Shares of HDFC Bank rose around 1.30 percent on strong results. Along with this, Reliance, Axis Bank, ICICI, Maruti and ITC also saw a boom.
In today’s trade, the Nifty closed down 62 points at 17,894, while the S&P BSE Sensex closed down 170 points at 60,092. Both benchmarks climbed over 0.5% during the session. But since then it has declined due to profit booking. If we talk about sectors, apart from IT, PSU Banks and FMCG, all other 10 major sectoral indices fell the most in Finance, Media, Auto and Metal. PSU banks rose 1.6 percent and IT 1.1 percent. All the top stocks belonged to the IT sector, with Tech Mahindra up 3%, followed by HCL Tech, Infosys, Wipro and TCS with gains of over one percent each. Adani Enterprises and Axis Bank fell over 2%.
Japan’s Nikkei stock average ended at a more than one-week low on Monday as exporters felt pressured by a stronger yen as investors bet the Bank of Japan would reopen as soon as this week. Stimulus settings may be forced to change. The Nikkei fell 1.14% to close at its lowest level since January 5. Broader topics fell 0.88%.
Chinese stocks hit a four-month high on foreign inflows after Chinese health officials said the country had reached the peak of its Covid-19 outbreak, sending Hong Kong stocks higher as investors doubled their bets on an economic recovery.