D-Street Turns Positive After A Week Of Correction

At market opening, the S&P BSE Sensex was up 269.96 points at 52656.15, and the key index Nifty-50 was up 83.20 points at 15773.

In the 30-share pack Sensex, 26 scrips traded in the green, while only four shares declined at the market opening on Monday. Shares of Maruti Suzuki, ICICI Bank, and SBI were up over a per cent each in the morning trade. Shares of Maruti Suzuki surged after the company in a release announced a price hike in some of its variants from Today.

In the week ahead, earnings session, monsoon reports, global market cues, fund flows, and Covid-19 will be some factors that will guide the market direction. Back home, the industry data which will be announced later this week, will be tracked by investors too.

Tracking the sectoral performance at market opening, almost all sectors saw healthy buying interest and were trading in the green. The Realty and PSU Bank were the top performers among others as they gained over two and one per cent, respectively. Shares of Indiabulls Real Estate(+8.40 per cent), Mahindra Life (+6.44 per cent), and Omaxe(+4.78 per cent) were the top gainers in the Realty space.

Among the global markets, all three major indices in the U.S markets marched to record highs on Friday as financials and economy stocks fueled the rally. The Asian markets, taking cues from the U.S markets, also rallied on Monday. Japan's Nikkei index climbed 1.9 per cent on Monday.

In the overall market performance, 2065 shares advanced, 705 shares declined, and 121 shares were unchanged at the time of filing.

Ruchit Purohit

BW Reporters The author is a Trainee Journalist at BW Businessworld based in Mumbai. He tracks the Markets and related news.