Market Summary
The Indian stock market closed at record highs on Monday, driven by strong foreign investment and buying in State Bank of India. The Sensex gained 146 points to end at 80,665, while the Nifty climbed 85 points to settle at 24,587.
Stock Performance
Major gainers on the Sensex included State Bank of India, NTPC, UltraTech Cement, and Mahindra & Mahindra. Notable losers included Asian Paints, Tata Steel, and JSW Steel.
In the broader markets, the BSE Midcap and Smallcap indices also rose.
Sectoral Performance
Sectorally, Nifty PSU Bank surged 3%, while Nifty Auto, Media, Pharma, and Realty gained over 1% each.
Global Update
Asian markets were mixed, with Seoul and Shanghai advancing and Hong Kong declining. European markets traded lower. US markets ended Friday higher.
Foreign institutional investors (FIIs) bought equities worth Rs 4,021.60 crore on Friday.
Brent Crude and Rupee
Global oil benchmark Brent crude rose 0.18% to $85.15 a barrel.
The Indian rupee depreciated 11 paise against the US dollar, settling at an all-time low of 83.62 due to the strength of the dollar overseas. However, strong equity markets and foreign fund inflows prevented further decline.
