Sensex Rises Over 200 Points, Nifty Trades Above 15,350; Bank, IT Stocks Up

Sensex and Nifty started on a higher note today.

New Delhi:

Indian equity benchmarks on Monday rose in opening deals, led by a recovery in banking and technology stocks.

Asian shares were mostly in the red as Wall Street futures slipped amid future interest rate hike worries by the U.S. Federal Reserve to tame inflation. Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a gap-down start for the domestic indices.

The 30-share BSE Sensex jumped 208 points or 0.41 per cent to 51,568, while the broader NSE Nifty moved 69 points or 0.45 per cent up to trade at 15,362. Both the indices slumped sharply last week.

Mid- and small-cap shares were mixed today as Nifty Midcap 100 slipped 0.07 per cent and small-cap edged 0.03 per cent higher.

Source link