Sensex Today: Indian shares were mixed on Monday, giving up some early gains to track a decline in U.S. futures, with little domestic cues left as the corporate earnings season draws to a close. The S&P BSE Sensex gyrated between 60,714 and 61,401 levels, before settling at 61,185, up 235 points or 0.39 per cent. The Nifty50, on the other hand, moved in a band of 200 points and closed at 18,203, up 86 points or 0.47 per cent.
The losses in Asian Paints, Bajaj Finserv, Kotak Bank, Sun Pharma, Titan, Dr Reddy’s Labs, IndusInd Bank, and Infosys were offset by gains in SBI, Tata Steel, ICICI Bank, Maruti Suzuki, Ultratech Cement, M&M, PowerGrid, and HDFC.
Sectorally, the Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent. The Nifty Metal index advanced 1.6 per cent, while the Nifty Auto index gained 1.3 per cent. The Nifty Pharma index was the only loser, down 1.4 per cent.
Meanwhile, in the broader markets, the BSE MidCap and SmallCap indices added 0.6 per cent each.
Global Health: The issue was subscribed 6 times till 3:30 PM on the final day of the issue, aided by 3.7x subscription by NIIs. While QIB portion was subscribed over 16.4x, retail portion lagged at 77 per cent level.
Bikaji Foods: This public issue garnered impressive subscription levels. The issue was booked over 20.4 times with NII portion at 6x, QIB at 60x, retail at 4.3x, and employee at 3x.
Rupee At Close
The rupee ends at 81.92/$ against Friday’s close of 82.44/$.
Global Cues
Tokyo stocks opened higher on Monday as global market sentiment improved on solid US jobs data and hopes for an economic reopening in China. The benchmark Nikkei 225 index was up 0.66 percent, or 178.65 points, at 27,378.39 in early trade, while the broader Topix index rose 0.75 percent, or 14.27 points, to 1,929.67.
US stocks closed higher on Friday in volatile trade to snap a four-session losing streak as investors wrestled with a mixed jobs report and comments from Federal Reserve officials on the pace of interest rate hikes.
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