Last updated: Sep 25, 2023 12:10 IST
Sensex today: Indian stock markets were calm on Monday, starting on the heels of last week’s blows. The S&P BSE Sensex was trading at 65,958 levels, down 51 points or 0.08 percent. The Nifty50, meanwhile, had crossed the 19,666 point mark.
The Bajaj twins, Cipla, ONGC, JSW Steel, Asian Paints, Apollo Hospitals, Tata Motors and Grasim led the frontline indices, while Hero MotoCorp, Axis Bank, Infosys, L&T, HDFC Life, Bharti Airtel, TCS and Reliance Industries applied pressure.
In the broader markets, the BSE MidCap and SmallCap indices outperformed the indices with gains of 0.1 per cent and 0.2 per cent respectively.
The casino operator’s shares fell 10 percent after it received a tax notice from the government, claiming Rs 11,140 crore in taxes, interest and penalties for the period July 2017 to March 2022.
Global signals
Shares in Tokyo opened higher on Monday on bargain hunting after last week’s decline. The benchmark Nikkei 225 index rose 0.35 percent, or 113.53 points, to 32,515.94 in early trading, while the broader Topix index rose 0.25 percent, or 5.83 points, to 2,382.10. .
Wall Street closed lower on Friday, capping a tumultuous week in which Treasury yields hit a 16-year high and investors digested the Federal Reserve’s hawkish outlook.
Oil prices rose on Monday as investors focused on tighter supply prospects after Moscow imposed a temporary ban on fuel exports, while remaining wary of further interest rate hikes that could dampen demand.
