Indian stock markets opened with a gap-up on Monday, supported by strong buying interest in State Bank of India (SBI), clarity on the contours of the India–US trade deal, and positive global cues.
Market sentiment was further boosted after India and the US, on Friday, released a joint statement outlining a framework for the Interim Trade Agreement (ITA), following the announcement of the bilateral trade deal earlier last week.
At 9:40 hours, the 30-share benchmark index was trading at 83864.39 up by 283.99 points or by 0.34 % and then NSE Nifty was at 25821.85 up by 128.15 points or by 0.5 %.
Sensex touched intraday high of 84314.68 and intraday low of 83864.39 The NSE Nifty touched intraday high of 25922.25 and intraday low of 25793.3
The top gainers of the BSE Sensex pack were State Bank of India (Rs. 1127.30,+5.71%), Titan Company Ltd. (Rs. 4200.05,+1.41%), Eternal Ltd. (Rs. 287.35,+1.38%), Kotak Mahindra Bank Ltd. (Rs. 426.75,+1.04%), Bharat Electronics Ltd. (Rs. 433.60,+0.94%), among others.
The top losers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 288.55,-1.49%), ITC Ltd. (Rs. 323.20,-0.87%), Hindustan Unilever Ltd. (Rs. 2407.00,-0.69%), Bajaj Finance Ltd. (Rs. 975.00,-0.68%), Trent Ltd. (Rs. 4098.00,-0.51%), among others.
Realty index was at 6582.49 up by 149.59 points or by 2.33%. Godrej Industries Ltd. (Rs. 1798.00,+5.78%), Prestige Estates Projects Ltd. (Rs. 1601.00,+2.93%), Oberoi Realty Ltd. (Rs. 1569.75,+2.42%), Lodha Developers Ltd. (Rs. 1079.25,+2.34%), Anant Raj Ltd. (Rs. 558.45,+2.25%),.
FMCG index was at 18943.33 down by -59.71 points or by -0.31%. Sundrop Brands Ltd. (Rs. 587.50,-5.65%), Sula Vineyards Ltd. (Rs. 181.90,-3.42%), Eveready Industries India Ltd. (Rs. 334.15,-2.25%), Patanjali Foods Ltd. (Rs. 513.00,-2.12%), Godfrey Phillips India Ltd. (Rs. 2157.00,-1.46%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3690 , shares advanced were 2593 while 906 shares declined and 191 were unchanged.