The stock market closed on the green mark on Monday, the first trading day of the week, amid the positive trend of global markets. The Bombay Stock Exchange's flagship index Sensex gained 1.12 percent to close at 40431.60, up 448.62 points. On the other hand, the National Stock Exchange Nifty gained 0.94 percent (110.60 points) to close at 11873.05.
Rupee closed at 73.37 per dollar level
Despite the rise in the domestic stock market, the rupee closed almost flat at 73.37 against the US dollar on Monday at the Interbank foreign exchange market. The rupee opened at Rs 73.38 in the interbank foreign currency exchange market and closed down by just two paise to close at Rs 73.37 per dollar at the end of trading.
Such was the situation of veteran shares
Talking about the big stocks, today ICICI Bank, Nestle India, GAIL, Axis Bank, and SBI shares closed on the green mark. Eicher Motors, Hero MotoCorp, Cipla, and Bajaj Auto closed at the red mark.
Sectoral index tracking
Taking a look at the sectoral index, today banks, financial services, FMCG, metals, PSU banks, private banks, and realty closed on the green mark. At the same time, media, IT, pharma, and auto closed on the red mark after the day's ups and downs.
These factors will decide the market move
The direction of domestic stock markets will be determined this week by the quarterly results of companies, events related to Kovid-19, and the global trend. Analysts say this week may see a process of profit-booking at the current high level. Increased cases of coronavirus infection in Europe affected the market sentiment last week. Going forward, an increase in infection cases may affect investor sentiment. This week will see quarterly results from Asian Paints, ACC, Bajaj Auto, Hindustan Unilever, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Hexaware Technologies, and IDBI Bank.
The market was open on the edge
The Sensex started today at 40331.53, up 348.55 points (0.87 percent) and the Nifty started at 11,879.20, up 116.75 points (0.99 percent). According to analysts, further market volatility will continue. Hence investors should be cautious.
The market had closed on the green mark on the previous trading day
The stock market closed on the green mark on the last trading day after day-long fluctuations. The Sensex was up 254.57 points to close at 39982.98, up 0.64 percent and the Nifty gained 0.70 percent (82.10 points) to end at 11762.45.