After an almost flat closing on Friday, the stock markets today gained some momentum in the early morning trade and were up by almost 0.5 per cent. Both the BSE Sensex and NSE Nifty 50 were trading in the green within minutes of the opening of the market. While the Sensex was trading at 38,257.20, up by over 216 points soon after the markets opened, the broader market NSE Nifty 50 was trading 11,270.25, up by over 56 points around this time.
In the 30 share BSE Sensex, 26 stocks were trading in the green in the early morning trade while the remaining were trading in the red. The top gainers on Monday in the early trade were Larsen & Toubro (LT), Bajaj Finance, Mahindra & Mahindra, Sun Pharmaceuticals and Kotak Mahindra Bank while the top losers were Infosys, Maruti Suzuki, Tata Steel and Nestle India.
Meanwhile, Asian Paints, Bajaj Finance, UPL, Bajaj Finserv and Indusind Bank were the top gainers on Nifty Fifty on Monday in the opening trade. The top losers were Titan, HCL Technologies, Infosys Sun Pharmaceuticals and Mahindra & Mahindra.
Today, the USDINR futures were trading at 75.1200 around against the USD at 9:25 am on BSE.
On Friday, the Sensex ended almost flat at 38,040.57, up by almost 15 points while the Nifty 50 closed at 11,214.05, also up by over 13 points.
Asian shares started cautiously on Monday as investors kept one eye on flaring tensions between the United States and China and another eye on U.S. fiscal stimulus after talks between the White House and Democrat lawmakers broke down. Trading was expected to be light with Japanese and Singaporean markets closed for public holidays. Australian shares recouped Friday`s losses to be up 0.7 per cent while South Korea`s main index added 0.4 per cent.
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In currencies, the dollar eased on the safe haven Japanese yen to 105.85 while the risk sensitive Aussie dollar nursed its losses after falling 1.1 per cent on Friday.
Inputs from Reuters