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Stock Market Live: Sensex gains 200 pts, Nifty at 19,900; Adani Ent leads

On a positive note, the two major equity indices, the Sensex and Nifty, were up slightly on Monday morning. The BSE Sensex increased 251 points to 66,850 at 9.40 a.m. The NSE Nifty, on the other hand, was up 86 points, trading at 19,906.

HCL, SBI, Tata Motors, Maruti, TCS, and UltraCemco were among the top gainers on the 30-share Sensex platform. On the negative side, losers included NTPC, Titan, Airtel, and IndusInd Bank. Among the top gainers on the Nifty were Adani Ports, Adani Enterprises, Jio Financial, Tata Motors, and HCL Technologies. The BSE Midcap and Smallcap indices saw gains of 0.8% and 0.7% respectively in the larger markets.

All the indexes were up for their respective industries, with the Nifty PSB index leading advances by increasing by 0.9%, and the auto and metal sectors holding steady gains of 0.6% apiece.

The S&P BSE Sensex closed 333 points higher at 66,599 on Friday during the previous session, while the NSE Nifty, which reached a high of 19,867, closed 93 points higher at 19,820.

Also read, IT Hardware Imports Surge in August After Licensing Order.

Rupee Maintains Upward Trend after Sensex Rise:

In the meantime, the rupee maintained its upward trend for a second straight session and strengthened by 9 Paise to 82.93 against the US dollar in early trade on Monday, responding favourably to positive signs from domestic equity markets and a weakening of the US dollar against the major currencies of other countries.

The Indian rupee, meanwhile, was negatively impacted by strong crude oil prices that were hovering above $90 per barrel and a flight of foreign money, according to FX brokers.

The native currency traded against the dollar in a constrained range of 82.90 to 82.96 at the interbank foreign exchange, where it opened 9 Paise higher at 82.93. The rupee’s closing price versus the US dollar on Friday was 83.02.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The G20 Delhi declaration and India’s diplomatic triumph can trigger continuation of the positive market mood and momentum.” According to Vijayakumar, the Nifty is likely to seek another record high in the current bullish market environment in an effort to surpass the psychological threshold of 20,000, but investors should exercise caution.

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