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On Monday, the domestic bourses ended their session in a disappointing note though managed to close above the neutral line. The bulls took charge during early hours as the benchmark indices kicked off the session on a strong note supported by the positive Asian cues, which drove the MSCI Asia Pacific Index to a 5-month high, on better-than-estimated increase in US capital-goods orders, bolstering optimism over exports and indicating that the world's largest economy will strengthen. The benchmark Nifty witnessed the 6,050 mark crossed for the first time since January 15, 2010, at opening trade. The gains were held till the mid-session, after which profit booking took place gradually. In the sectorial front, the Metal sector gained the most on the back of substantial buying interest and gained by more than 2%. Realty, Oil&Gas and Power sectors were also supportive as they gained by 1.23%, 0.85 and 0.83% respectively. However, the FMCG and IT space remained weak, making the market pare most of its gains. Both the Nifty and Sensex managed to close above the baseline, though failed to hold on their morning highs. The NSE Nifty closed above the 6,035 mark, while the BSE Sensex ended above the 20,100 level.
The BSE Sensex closed up by 72.20 points or (0.36%) at 20,117.38 and NSE Nifty ended higher by 17.35 points or (0.29%) at 6,035.65. BSE Midcap closed with a gain of 27.10 points or (0.33%) at 8,142.26 while BSE Smallcap closed higher by 13.24 points or (0.13%) at 10,280.57. The NSE NIfty touched intraday high of 6,073.50 and intraday low of 6,018.30.
On Monday, the US market closed on a weak note after a significant rally in the previous session. The sell off prevails since the initial bell due to lack of any favoring cues but a marginal recovery was witnessed towards the final hours, which was shortlived and soon the market tumbled to close below the dotted line. The sentiments across the board was bearish due to lack of data as well as market moving headlines, and the absence of a consensus regarding the direction of the stock market kept participants on the sidelines. The Financials sector that shed 1.2% led the slide into the close, which makes for the worst loss of any major sector. Moreover, the regional banks were also under pressure as they lost 2.2%. However, the telecom stocks on the other hand held on to their gains as the sector posted a 0.9% gain. Moreover, the airline shares also outperformed due to some merger and acquisition news, which led the sector to post 1.8% gain. Its gain was underpinned by news that Southwest Air (13.35, +1.07) will acquire A