The BSE Sensex and Nifty rose on Monday. Although Asian markets sank, US stocks climbed.
The equity benchmarks rose on Monday amid positive global cues. The 30-share BSE Sensex rose 155.62 points to 72,181.77 early. Also, the Nifty climbed 53.15 points to 21,763.95…
On the Sensex, Tata Steel, Bharti Airtel, HCL Technologies, Reliance Industries, Sun Pharma, and Titan gained most. Unilever, Bajaj Finance, Finserv, ITC, IndusInd Bank, and NTPC delayed.
Hong Kong, Shanghai, and Seoul plummeted. On Friday, US markets climbed marginally. Brent down 1.09 percent to USD 77.90.
Bullish local equity markets and foreign money inflow lifted the rupee 9 paise to 83.06 against the US dollar early Monday. Forex traders remarked that a strong US dollar and volatile crude oil prices impacted the local currency.
After opening at 83.09 and touching 83.04, the rupee traded at 83.06 against the dollar, up 9 paise.
Conclusion
Monday saw the BSE Sensex and Nifty rise. Titan, Tata Steel, Bharti Airtel, HCL, Reliance, and Sun Pharma gained. Though Asian markets sank, US stocks climbed. Forex speculators cited the strong US dollar and volatile crude oil prices for the rupee’s 9-paise rise.
