The equity benchmark indices gained a fraction of a percent in the early hours of Monday, despite mixed global cues, with IT stocks seeing increased buying interest.
At 10:15 a.m., the BSE S&P Sensex was up 220 points, or 0.41 percent, to 54,498 points, while the Nifty 50 was up 73 points, or 0.45%, to 16,311.
Except for Nifty pharma and metal, which fell by 0.4% each, all sectoral indices rose, with Nifty FMCG, auto, and financial services all up 0.7%, IT up 0.6%, and PSU banks up 0.2%.
Mahindra & Mahindra increased by 2% to Rs 773.80 per share, while Bajaj Auto increased by 1.2 percent and Hero MotoCorp increased by 0.7 percent.
However, metal stocks fell, with Hindalco down 1.2%, JSW Steel down 0.6%, and Tata Steel down 0.4%. Reliance Industries, the index’s benchmark, fell 0.3% to Rs 2,082.90 per share.
Meanwhile, Asian stocks trembled as gold and oil prices plummeted. Tokyo and Singapore were closed for holidays, resulting in a 0.1 percent decline in MSCI’s broadest index of Asia Pacific shares outside Japan.
Although the Nikkei in Japan was closed, futures were trading just below Friday’s close.
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