Sensex Today: Equity markets closed near record-highs after the NSE Nifty index made a new peak of 22,187 during Monday’s trade. The index closed 82 points higher at 22,122, while the BSE Sensex climbed 282 points to end at 72,708.
Grasim, Bajaj twins, Bajaj Auto, Bharti Airtel, ICICI Bank, ITC, Cipla, Sun Pharma, Titan, Nestle, Maruti and RIL closed 1-3 per cent higher, leading gains among largecaps.
Coal India was the top largecap drag, which tanked 4 per cent, followed by Wipro, L&T, L&TMindtree, SBI Life and TCS, down 0.6-1.4 per cent.
The BSE SmallCap index outperformed with a gain of 0.8 per cent against a 0.3 per cent rise in its BSE midcap peer and 0.4 per cent in benchmark Sensex.
Nifty Consumer Durables posted highest sectoral gains, closing 2 per cent higher led by Rajesh Exports and Dixon Tech, which soared 13 per cent and 7 per cent, respectively.
Nifty Pharma and FMCG rose nearly 1 per cent each. PSU Bank, Realty and IT pockets were the only losers.
Shares of Indian payments firm Paytm rose 5% in pre-open trade on Monday after the country’s central bank granted its banking arm more time to wind down operations. The Reserve Bank of India on Friday extended the deadline for Paytm Payments Bank to stop accepting fresh deposits in its accounts or wallets to March 15 from Feb. 29.
Global Cues
Asian markets this morning were mixed as China equities opened higher on resuming trade after a one-week holiday. CSI 300 rose 0.3 per cent, ASX 200 0.16 per cent and Kospi 0.9 per cent. Nikkei and Hang Seng fell 0.4-1 per cent.
On Friday in the US, the S&P 500 fell 0.48 per cent, the Dow Jones slid 0.37 per cent and the Nasdaq lost 0.82 per cent as the producer price index rose 0.3 per cent in January, above expectations of a 0.1 per cent rise, cementing bets of delayed Fed rate cuts.
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