Stock market benchmark indices Sensex and Nifty tracked a firm trend in Asian peers on Monday, showing marginal gains despite lacklustre performance last week.
Sustained buying by domestic institutional investors also kept investor sentiment high as the year draws to a close. Domestic Institutional Investors (DIIs) bought stocks worth ₹1,772.56 crore, according to exchange data.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹317.56 crore on Friday.
The 30-share BSE Sensex went up by 22.24 points to 85,063.69 in early trade as a new week began, while the 50-share NSE Nifty eked out a marginal gain of 16 points to 26,058.30. Later, the BSE benchmark traded 105.17 points higher at 85,140.33, and the Nifty quoted 35 points up at 26,080.45.
Also Read: Sensex falls for 3rd day on foreign fund outflows
From the 30-Sensex firms, Tata Steel, Eternal, Bharat Electronics, Kotak Mahindra Bank, Trent and Maruti were among the biggest gainers. However, Adani Ports, Power Grid, Bajaj Finserv and Axis Bank were among the laggards.
In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index traded in positive territory, while Japan’s Nikkei 225 index quoted lower. US markets ended on a flat note on Friday.
Brent crude, the global oil benchmark, jumped 1.04 per cent to USD 61.27 per barrel.
On Friday, the Sensex dropped 367.25 points or 0.43 per cent to settle at 85,041.45. The Nifty declined by 99.80 points or 0.38 per cent to 26,042.30.
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