Closing bell: Sensex climbs 100 point, Nifty settles at 22,055 – Times of India

by The Technical Blogs


NEW DELHI: Equity benchmark indices registered marginal gains on Monday. Sensex rose more than 100 points to 72,748.42 while Nifty settled at 22,055.70
Sensex and Nifty faced volatility in early trade on Monday.
Mahindra & Mahindra, Tata Steel, JSW Steel, Axis Bank, Tata Motors, and HCL Technologies were among the gainers in Sensex while Asian Paints, Power Grid, Titan, and Maruti were among the losers.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong traded higher. US markets closed lower on Friday.
Foreign Institutional Investors bought equities worth Rs 848.56 crore on Friday.
Market volatility is expected to increase with the US Federal Reserve‘s upcoming decision and focus on the Lok Sabha polls, according to Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.
Bears might dominate following Wall Street’s weak lead, potentially increasing Nifty volatility as bullish traders anticipate an impending Fed rate cut.
Brent crude rose to $85.65 a barrel. The BSE benchmark fell 453.85 points to 72,643.43, and the Nifty dropped 123.30 points to 22,023.35 on Friday.


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