Share markets in India trimmed their initial losses and finished the trading day on a flat note ahead of January inflation data (CPI) later today.
Equity benchmarks closed flat with a positive bias amid consolidation Monday as investors awaited January retail inflation data due later today. Last batch of corporate earnings due this week and assembly elections of five states will also be closely watched.
NSE Nifty closed at 8805.05 levels, up by 11.50 points, while BSE Sensex at 28351.62 levels, up by 17.37 points.
Asian markets finished higher today with shares in China leading the region. The Shanghai Composite is up 0.63% while Hong Kong’s Hang Seng is up 0.58% and Japan’s Nikkei 225 is up 0.41%. European markets are higher today with shares in Germany leading the region. The DAX is up 0.62% while France’s CAC 40 is up 0.47% and London’s FTSE 100 is up 0.06%.
Eicher Motors Limited is the top gainer in Nifty50. The stock closed at Rs 24800 per share, up by Rs 786.95 per share or 3.28%.
Top gainer in Nifty Media index, Eros International Media Limited closed at Rs 207.95 per share, up by
Rs 8.10 per share or 4.05%.
SRF Limited, Bank of Baroda, Allahabad Bank, Motherson Sumi and Crompton Greaves were the top open interest gainers; while Bank of India, DCB Bank, Union Bank of India and HDIL were the top open interest losers on Monday.
Nifty PSU Bank is the top loser in the bunch of sectoral indices on NSE. The index closed at 3312.45 levels, down by 101.70 points or 2.98%. Bank of Baroda is the top loser, and closed at Rs 168.20 per share, down by Rs 19.85 per share or 10.56%.
SRF Limited closed at Rs 1582.80 per share, down by Rs 169.25 per share or 9.66%.
Bank of India closed at Rs 128.30 per share, down by Rs 5.60 per share or 4.18%.
Revathi Equipment Limited closed at Rs 835.80 per share, up by Rs 139.30 per share or 20%.
India Tourism Development Corporation Limited closed at Rs 423.40 per share, up by Rs 70.55 per share or 19.99%.
There were 553 advances, 1100 declines and 276 unchanged stocks on NSE, reflecting strong negative bias floating in the market.
The rupee was trading at 67.01 per US dollar.
Top 5 Nifty Gainers: Eicher Motors Ltd. (3.28%), Yes Bank (3.12%), Tata Power Ltd. (2.14%), Kotak Mahindra Bank (1.68%), and M&M (1.67%).
Top 5 Nifty Losers: Bank of Baroda (-10.56%), Idea (-2.99%), Aurobindo Pharma Ltd. (-2.74%), BHEL (-1.99%) and SBI (-1.76%)
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