Stock Market Updates: Sensex Rises 200 pts, Nifty Around 19,900; Metals, PSBs Lead – News18

Stock Market Today: Benchmark indices Sensex and Nifty started Monday’s trade with gains the BSE Sensex index gaining 200 points to 66,800, and the NSE Nifty50 index rising 70 points to 19,900 as it inched closer to the historic 20,000-mark.

Tata Motors, NTPC, HCL Tech, Wipro, Reliance and Tech M led gains on the Sensex, rising 0.7-1 per cent. Adani Ports and Adani Enterprises rose 2 per cent each, leading the charge on Nifty50.

On the flip side, Infosys, Titan, M&M, HUL, Eicher Motors, IndusInd Bank and SBI Life were the few frontline losers.

In the broader markets, the BSE MidCap and SmallCap indices jumped 0.8 per cent each, far outperforming the BSE Sensex holding a 0.3 per cent gain.

Global Cues

Asia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking signals about the Federal Reserve’s next likely moves on interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S. stocks ended the previous session with mild gains.

The S&P 500 closed slightly higher on Friday but well below its session high and all three of Wall Street’s major averages posted weekly declines as investors worried about interest rates and waited anxiously for upcoming US inflation readings.