Dalal Street opened sharply higher with broad-based gains as easing crude prices and global cues boosted sentiment, while investors tracked geopolitical developments and upcoming corporate earnings.
Markets gained momentum as falling crude prices and global cues lifted sentiment, but analysts remain cautious amid geopolitical uncertainty and warn the rally may face resistance ahead.
Financial and banking stocks led losses as rising crude prices and weak global cues dragged markets lower, wiping out recent gains and keeping investor sentiment cautious.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
At the close, the Sensex rose 319.78 points, or 0.39%, to 81,857.48, while the Nifty gained 126.75 points, or 0.51%, to 25,175.40.
Foreign institutional investors have net sold over USD 3.5 billion worth of shares so far in 2024.
The Diwali week continued bringing good tidings for investors and Dalal Street even after ‘Muhurat’ trading on Sunday the 12th of November.
Indian stocks seemed to have lost some steam as they declined for the second consecutive session on Monday primarily due to mild profit booking.
At 9.27 a.m., Sensex traded at 60,316.22 points, up 18.22 points or 0.03 per cent, whereas Nifty traded at 17,963.25 points, up 6.75 points or 0.038 per cent.
The company will refer to this bigger association as "Eternal", when Zomato's stock gets pounded on Dalal Street (it was drifting around Rs 46 on Monday and has plunged around 69% this year)
