Opening session: Sensex crosses 49,000 mark, IT and FMCG stocks rally
Video Credit: ANI - Duration: 01:21s - Published
Opening session: Sensex crosses 49,000 mark, IT and FMCG stocks rally
Equity benchmark indices were buoyant during early hours on Monday on the back of strong global cues and optimism on the corporate earnings season.
At 10:15 am, the BSE SandP Sensex was up by 363 points or 0.74 per cent at 49,146 while the Nifty 50 edged higher by 97 points or 0.68 per cent to 14,445.Except for Nifty metal and PSU bank, all sectoral indices at the National Stock Exchange were in the green with Nifty IT gaining by 1.6 per cent, FMCG by 1.5 per cent and realty by 0.9 per cent.
Among stocks, Infosys climbed up by 3.4 per cent at Rs 1,357 per share while HCL Technologies gained by 2.8 per cent to Rs 1,023 and Wipro by 1.8 per cent to Rs 438.10.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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