Shares rose for a fourth straight session on Monday to a four month high as investors bet the central bank would ease
Interest rates this week to help revive demand after Prime
Minister Narendra Modi’s currency crackdown last year.
The NSE Nifty surged to a high of 8,814.10 intra-day while the
BSE Sensex hit a high of 28487.28 intra-days. The Nifty was up
63.15 points or 0.72 per cent at 8,804.10 while the BSE Sensex
Was up 230.41 points or 0.82 per cent at 28,470.93.
The 30-share index had rallied 584.56 points in the previous
three sessions after the presentation of the Budget. All sect oral
indices led by realty, banks, industrials, healthcare and FMCG
Were quoting in the green, adding up to 2.45 per cent.
Mid-caps indices surge
The NSE mid-cap 100 index rose 1 per cent to a record high of
16,197.55. Similarly, the BSE Mid-Cap index too hit its highest
since November 1, 2016.
Top Sensex gainers
ICICI Bank was up over 3.4 per cent, Sun Parma 3.2 per cent,
ITC 2.17 per cent, Adani Ports 1.86 per cent and Hero
Sensex losers: Dr Reddy’s was down 1.6 per cent, ONGC 0.97
per cent, Power Grid 0.84 per cent and Cipla 0.67 per cent.
Japan’s Nikkei share average rose on Monday as bank stocks
Claimed following measures ordered by U.S. President Donald
Trump to reduce regulation in the financial sector, although a
Slightly stronger yen kept gains limited. The Nikkei rose 0.3 per
Cent to 18,976.71.
EXCHANGE ADVANCE DECLINE UNCH. T/O
NSE 977 491 52 24034.57
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 8870 8845 8810 8780 8750