Domestic benchmark indices are trading briskly on Monday afternoon, albeit outside the highs recorded earlier in the day, thanks to the strength of European and Asian exchanges. Index heavyweights such as Reliance Industries, Infosys and Hindustan Unilever are driving the gains in the markets. As of 1:45 PM, the BSE Sensex is trading at 58,301.33, up 175 points or 0.30 percent and the NSE Nifty at 17,380, up 46 points or 0.36 percent. The broader markets are also trading in the green, with the BSE Midcap Index and the BSE Smallcap Index rising 0.1 percent and 0.6 percent, respectively.
The BSE Sensex reached a new life of 58,515.30 and the NSE Nifty reached 17,429.55 earlier in the session.
Asian stocks are mostly traded on the green market and European markets have opened up briskly across the board, as disappointing payrolls promised to keep US policy super-accommodating for an extended period of time.
In the foreign exchange market, the rupee fell 4 paise to 73.06 against the US dollar, trailing a solid US currency. On interbank currencies, the rupee opened at 73.02 against the dollar and then declined further to 73.06, down 4 paise from the previous close.
On the stock-specific front, index heavyweights such as Reliance Industries, Infosys and Hindustan Unilever have each gained 1-2 percent on the BSE. HCL Tech, Bajaj Auto and Dr Reddy’s are the other major winners in the BSE Sensex package.
On the other hand, Sun Pharma, Powergrid, IndusInd Bank and Tata Steel are the other major losers on the BSE.
The breadth of the BSE market is marginally weak. Of the 3,433 stocks traded on the BSE, 1,070 are advancing stocks against 1,596 declines.