Sensex and Nifty crossed the 73,000 and 22,000 mark for the first time
Wipro and HCL Tech were the top Sensex gainers as both companies reported better-than-expected results. HDFC Bank, Infosys, Tech Mahindra, and Bharti Airtel also closed with gains, while Bajaj Finance, Bajaj Finserv, L&T, Tata Motors, and Tata Steel closed with cuts.
Sensex closed at 73,328 while Nifty was at 22,097
Stocks in news
Zomato closed over 4% lower amid a block deal which saw equity worth Rs 621.68 crore change hands at a price of Rs 138.15 per share.
JioFin shares also jumped ahead of its Q3 results.
Shares of BHEL ended 2.5% lower after the firm received an order worth Rs 15,000 crore from NLC in Odisha.
Nifty Bank, Auto, Financial Services, FMCG, Pharma, Realty, Healthcare, and Oil & Gas closed higher, while Nifty Media and Nifty Metal ended lower. In the broader market, Nifty Smallcap 100 rose 0.4%, while Nifty Midcap surged 0.68%.
Global Markets
Global stocks held steady on Monday as US markets were closed. Chinese equities fell slightly after the country’s central bank wrong-footed investors by skipping on a rate cut.
Japanese stocks continued to shine, with the Nikkei 225 index rising 1% and hitting a new 34-year high above 36,000.
Oil and Rupee
Oil prices declined on the back of supply disruption risk in the Middle East. US and British forces have struck Yemen to stop Houthi militia from attacking ships in the Red Sea.
Brent crude futures were at $77.78 a barrel, and US WTI futures were at $72.28 a barrel. The Indian rupee ended higher and settled at 82.8800 to the US dollar.