Markets End With Decent Gains On Firm Global Cues

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The key domestic benchmark indices ended the Monday"s trading session in positive territory with decent gains on account of buying in frontline blue chip counters.

The market sentiments were on upbeat note amid a firm rupee, progress of monsoons and strong global cues.

Markets End With Decent Gains On Firm Global Cues

Throughout the day traders were seen piling position in Realty, PSU and Oil & Gas stocks while selling was witnessed in FMCG sector stocks.

The Bombay Stock Exchange bellwether, Sensex closed at 27278.76 up by 133.85 points or by 0.49 per cent, while the NSE Nifty closed at 8370.7 points, trading higher by 42.35 points or by 0.51 per cent.

The BSE Sensex touched an intraday high of 27385.66 and an intraday low of 27251.06 while the NSE Nifty touched an intraday high of 8398.45 and an intraday low of 8364.7

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 213.20,+4.23 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 232.05,+3.43 per cent), ICICI Bank Ltd. (Rs. 247.55,+2.97 per cent), Tata Motors Ltd. (Rs. 468.90,+2.40 per cent), Coal India Ltd. (Rs. 317.45,+2.37 per cent), among others.

Meanwhile, ITC Ltd. (Rs. 244.85,-2.97 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3437.50,-1.14 per cent), Bajaj Auto Ltd. (Rs. 2644.25,-0.92 per cent), Hindustan Unilever Ltd. (Rs. 891.75,-0.71 per cent), Tata Consultancy Services Ltd. (Rs. 2490.00,-0.47 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 3056 shares traded, 1796 shares advanced, 1097 shares declined while 163 were unchanged.

On the global front, Asian stocks closed higher today as Chinese stocks led gains in Asian markets as expectations increased that global central banks might ease monetary policy following Britain's vote to leave the European Union (EU) last month.

US stocks rose for a fourth day in the previous trading session after better-than-expected manufacturing data and fading worries about the Brexit, or British exit from the EU.

Read more about: sensex, nifty
Story first published: Monday, July 4, 2016, 16:12 [IST]
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