Lagatar24 Desk
Mumbai, April 4: The Indian equity indexes were up in early trade on Monday, despite mixed global market signals. Global stock markets were divided as further penalties against Russia for its invasion of Ukraine were discussed.
Trends on the Singapore Exchange’s Nifty Futures (SGX Nifty) also pointed to a bullish start for the domestic indices.
The 30-share BSE Sensex at 10:25 a.m. rose 1,461 points, or 2.47 percent, to 60,738, while the wider NSE Nifty advanced 394 points, or 2.23 percent, to 18,064.
Mid- and small-cap stocks were trading higher, with the Nifty Midcap 100 up 1.49 percent and small-cap stocks up 1.24 percent in the early trade.
The National Stock Exchange’s 15 sector indicators were trading in the green, with 13 of them. Nifty Bank and Nifty Financial Services both outperformed the index, climbing 1.76 percent and 2.50 percent, respectively, to exceed the index.
The HDFC twins (HDFC and HDFC Bank) were the top Nifty gainers after the merger news, with the stocks rising 6.80 percent and 6.56 percent, respectively. Titan, HDFC Life, and Divi’s Lab were among the companies that gained ground.
On the BSE, the overall market breadth was robust, with 1,520 shares gaining and 323 decreasing.
HDFC twins, Titan, Tech Mahindra, SBI, HCL Tech, Sun Pharma, Asian Paints, Reliance Industries, and Nestle India were among the top gainers on the 30-share BSE index.
M&M, Infosys, Maruti, and PowerGrid, Tata Steel, M&M, HDFC Bank, and Bajaj Finance, on the other hand, were all in the red.
The Sensex closed at 59,277, up 708 points or 1.21 percent, while the Nifty closed at 17,670, up 206 points or 1.18 percent.
