Stock markets on Monday continued their impressive show and ended the day in the green. They had done very well last week. While the Sensex was trading at 34911.32, up by almost 0.5 per cent or 179 points at the close, the broader market Nifty 50 traded at 10311.20, up by over 66 points or around 0.7 per cent from the previous close on Friday.
In the 30 share BSE Sensex, 21 stocks were trading in the green at the end of day’s trade while the remaining 9 were trading in the red. The top gainers on Monday at the time of closing were Bajaj Auto, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank and Power Grid. The top losers were HDFC, ONGC, TCS, Reliance Industries and HDFC Bank.
Meanwhile, Bajaj Auto, Bajaj Finance, Bajaj Finserv, Coal India and Vedanta Ltd were the top gainers on Nifty Fifty on Monday in the closing trade. The top losers were Wipro, GAIL, ONGC, HDFC and Hindalco Industries.
On Friday, Sensex ended at 34,731.73, up by over 1.5 per cent while the Nifty 50 closed at 10,244.40, also up by 1.5 per cent.
Today, the rupee was trading at around 76.0875 against the USD at 3:55 am.
In the global stock markets, US stock futures dropped in early Asian trade on Monday as rising coronavirus cases in the United States raised more doubts about a quick economic rebound from the massive downturn triggered by the pandemic. US S&P 500 futures were down 0.4 per cent at 2323 GMT, having fallen as much as 1.05 per cent in earlier trade. Chicago-traded futures indicate Japan`s Nikkei is on course to fall 1.3 per cent.
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The pandemic is accelerating globally with the World Health Organization (WHO) reporting a record increase in global coronavirus cases on Sunday. Investors are also wary of developments in Hong Kong after details of a new security law for the territory showed Beijing will have overarching powers over its enforcement.
Inputs from Reuters