Stock markets update: Equity benchmark indices jumped in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 1287.45 points to 80,404.56. Meanwhile, the Nifty was also up by 408.5 points to 24,315.75.
At the start of trading, all sectoral indices are showing positive movement. Auto, banking, media, telecom, oil and gas, power, and realty sectors have seen a 1-2 per cent rise. Key stocks such as Shriram Finance, M&M, Bharat Electronics, Adani Enterprises, and BPCL have posted notable gains on the Nifty, while JSW Steel experienced a decline. Additionally, the BSE Midcap and Smallcap indices registered a 1.5% increase, reflecting strong performance across broader market segments.
Rupee against dollar
Meanwhile, the rupee appreciated 6 paise to 84.35 against the US dollar in morning trade on Monday, supported by a firm trend in domestic equities. Forex traders said factors like elevated Dollar Index levels, and a nearly 5 per cent surge in crude oil prices over the past week driven by the escalation of the Russia-Ukraine conflict pose significant headwinds for the USD/INR pair.
At the interbank foreign exchange, the rupee opened at 84.38 moved in a tight range and touched 84.35 against the greenback, registering a gain of 6 paise over its previous close. On Friday, the rupee recovered from its all-time low level and appreciated 9 paise to close at 84.41 against the US dollar.
(With PTI inputs)
Latest Business News
