Trends on SGX Nifty were also pointing at a ap-up start, rising 136 points or 0.92 per cent to 14,996 on Singaporean Exchange, according to data on SGXNifty website. Image: Reuters
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading over half a per cent higher on Monday, on the back of positive global cues. BSE Sensex was hovering around 49,500 while the broader Nifty 50 was ruling above 14,950. Dr Reddy’s, ONGC, Housing Development Finance Corporation, Titan Company, Sun Pharma, Kotak Mahindra Bank among top Sensex gainers. UltraTech Cement, Infosys, Maruti Suzuki were among BSE Sensex laggards. All the Nifty sectoral indices were trading in the positive territory, lead by Nifty Metal index, which was up nearly 3 per cent. It was followed by Nifty Pharma index. In the previous week on Wall Street, the Dow Jones Industrial rallied nearly 3 per cent and the S&P 500 gained over 1 per cent. While tech-heavy Nasdaq Composite fell 1.5 per cent.
After remaining net buyers in Indian share markets for the six consecutive months, FPIs turned net sellers in April. They have continued to pull out Rs 5,936 crore from the Indian equities in the first week of May amid worries over the intense second wave of coronavirus infection and its fallout on the economy. Foreign investors had pulled out Rs 9,659 crore in April after infusing money in the preceding six months, according to the depositories’ data.