• Source:JND
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Stock Market Today: Following the Reserve Bank's 50 basis point jumbo rate cut, benchmark equity indices, the Sensex and Nifty soared in early trading on Monday, following a surge in global markets and positive investor sentiment.

In early trading, the 30-share BSE Sensex surged 480.01 points to 82,669 points. At 25,160.10, the 50-share NSE Nifty jumped 157.05 points. The largest winners among the Sensex companies were Kotak Mahindra Bank, Tata Motors, Axis Bank, Maruti, Infosys, HCL Tech, Tech Mahindra, and Bajaj Finance.

But the laggards were Tata Steel, Adani Ports, ICICI Bank, Eternal, and Bharti Airtel.

The Kospi in South Korea, the Nikkei 225 index in Japan, the SSE Composite index in Shanghai, and the Hang Seng in Hong Kong were all trading in the positive range in Asian markets. Friday saw a sharp increase in US markets.

According to exchange data, foreign institutional investors (FIIs) purchased stocks on Friday for a total of Rs 1,009.71 crore.

The 30-share BSE Sensex ended Friday's trading session at 82,188.99, up 746.95 points, or 0.92 per cent. After regaining the 25,000 level, the Nifty rose 252.15 points, or 1.02%, to close at 25,003.05.

As a result of high crude oil prices and the dollar index, the rupee depreciated 4 paise to 85.72 against the US dollar in early Monday trading.

The domestic currency opened at 85.61 versus the US dollar at the interbank foreign exchange. It fell 4 paise from its previous close in early trading, reaching an early high of 85.60 and a low of 85.72 against the US dollar.