Indian indices opened in the green on Monday with Sensex trading at 81,690.83 as the gauge rose 309 points or 0.38% by 9:18 am. The Nifty was trading at 25,062.9 at the same time as the index went about 98.70 points or 0.40%.
The market trend continued to remain positive. On NSE, 981 traded in green compared to 401 that traded in red. While BSE clocked 1,830 traded in green and 901 in red.
Nifty Bank traded at 51,357.60 after gaining 185.30 points or 0.36 percent. Nifty Midcap index traded 59,220.50 after gaining 7.80 points or 0.01 percent. Meanwhile, the Nifty 100 index sits at 26,132.05 after increasing by 77.95 points or 0.30 percent.
Tops the gainers list from the Sensex pack is Wipro, HDFC Bank, L&T, JSW Steel, Tech Mahindra, Infosys, NTPC, and Kotak Mahindra. On the other hand, Bharti Airtel, Tata Motors, Sun Pharma, Asian Paints, Nestle, Bajaj Finserv, and Axis Bank are at the bottom of the losers' list.
Asian markets are doing well. The markets of Tokyo, Hong Kong, Bangkok, Jakarta, and Seoul are trading with a gain. US stock markets closed on the green mark on the last trading day.
According to market experts, "This month, till 11th October, FPIs have sold equity for Rs 58,710 crore. This huge selling had no serious impact on the market since the entire FPI selling has been absorbed by DIIs who are receiving sustained fund inflows. This trend of FII selling and DII buying is likely to sustain in the near-term since Chinese stocks continue to be cheap compared to the elevated valuations in India."
The Indian stock market closed in the red on last trading day of last week. BSE Sensex closed at 81,381.36 as it had slipped 230.05 points or 0.28 percent at the time of trading closure. NSE Nifty ended at 24,964.25 as it fell 34.20 points or 0.14 percent.
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