Indian Stock Market traded in green on Monday, September 21, as key equity benchmark indices--Sensex and Nifty-- climbed in early trade due to easing crude oil prices, fresh foreign fund inflows and a positive trend in Asian equities. In early trade, Sensex, the 30-share index of BSE, jumped 493 points to hit a high of 74,787.26. Meanwhile, the 50-share NSE index-- Nifty50--showed divergence from Sensex. The index escalated 63 points to a high of 50.3 points at 23,410.75.
What Fuel Market Today: 3 key Factors
FPI Inflows: According to exchange data, Foreign Institutional Investors (FIIs) infused capital in Indian Equities, buying equities worth Rs 599.54 crore on Friday.
Firm Global Cue: Asian markets traded in positive territory, with major indices including South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoting in positive territory.
Decline In Crude Prices: Meanwhile, crude prices fell over 2 per cent to a level of $101-$102 per barrel. Last seen, Brent crude, the global oil benchmark, was trading 2.25 per cent down to USD 101.5 per barrel.
Top Gainers And Losers
UltraTech Cement, Indigo, Sun Pharma, Asian Paints, HCL Tech and Trent were the major winners. On the other hand, Infosys, Adani Ports, Power Grid and Bharti Airtel were the top losers.
"Asian markets are trading higher in early trade, with South Korea's Kospi gaining more than 1 per cent, providing a supportive regional backdrop for Indian equities. Japan's Nikkei 225 is closed today for a market holiday," Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth-tech firm, said.