Sensex reaches more than 700 points to cross the 60,000 mark, nifty trades above 17,900

Sensex reaches more than 700 points to cross the 60,000 mark, nifty trades above 17,900

Sensex and Nifty started on a higher note today.

The benchmarks of Indian equities traded higher in opening trades on Monday amid mixed indications of world markets. Global equities were mixed amid talk of even more sanctions against Russia over its invasion of Ukraine.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) also marked a positive start for the domestic indices.

The 30-share BSE Sensex jumped 729 points or 1.23 percent to 60,005 in early trading, while the broader NSE Nifty rose 232 points or 1.31 percent to 17,902.

Mid- and small-cap stocks were trading on a positive note as Nifty Midcap 100 moved up 1.49 and small-cap stocks rose 1.24 percent.

13 of the 15 sector meters – compiled by the National Stock Exchange – trade in the green. Nifty Bank and Nifty Financial Services outperformed the index by rising to 1.76 percent and 2.50 percent, respectively.

On the stock-specific front, HDFC twins (HDFC and HDFC Bank) were the top Nifty winners, as the shares rose 6.80 per cent and 6.56 per cent respectively after the merger was announced. Titan, HDFC Life and Divi’s Lab were also among the winners.

The overall market breadth stood strong as 1,520 stocks advanced while 323 declined on BSE.

In the 30-share BSE index, HDFC Twins, Titan, Tech Mahindra, SBI, HCL Tech, Sun Pharma, Asian Paints, Reliance Industries and Nestle India were among the top winners.

In contrast, M&M, Infosys, Maruti and PowerGrid, Tata Steel, M&M, HDFC Bank and Bajaj Finance trade in the red.

Sensex had moved 708 points or 1.21 percent to close at 59,277, while Nifty had moved 206 points or 1.18 percent higher to close at 17,670.

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