Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices BSE Sensex and NSE Nifty 50 closed in the green on Monday on favourable global cues. Nifty made an intraday high of 18,641 and fell over 40 points, settling shy of the 18,600 level, at 18,599, while Sensex ended at 62,834 after breaching the 63,000 level intraday. The broader markets closed in the green, with the Nifty Midcap 100 index adding 0.36% and Nifty Smallcap 100 gaining 0.23%. Sectorally, Bank Nifty hit a fresh record high at 44,483 intraday before tanking 200 points to a record closing high of 44,276.8. Nifty Metal, Nify Consumer Durables, Nifty Media added up to 1.32% while Nifty IT declined 0.41%. The top gainers of the day are M&M, Coal India, Titan, Tata Steel, SBI Life with M&M up 3.5%. The top losers of the day are ONGC, HCL Tech, Power Grid, Divi’s Lab and Maruti.
“Gold price continue to inch lower as a tentative deal sealed over the weekend to suspend U.S. debt ceiling coupled with jitters around further rate hikes weighed down on the non-yielding metal’s appeal.”
– Manav Modi, MOFSL
Shares in the Asia-Pacific region were trading in the green on positive cues from Wall Street. China's Shanghai Composite gained 0.4% in trade, while Japan's Nikkei 225 soared 1.39%. Hong Kong's Hang Seng index added 0.26% while South Korea's Kospi advanced 0.16%. The Taiwan Weighted index gained 0.88%.
“FPI flows into India reached a nine-month high of Rs 37,316 crores in May, through 26th. The sustained buying by FPIs has lifted the Nifty by 2.4% in May. India is among the best performing markets like Japan, Taiwan, South Korea and Brazil while other markets, both developed and emerging, are struggling.”
– V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Brent crude futures climbed 0.5%, to $77.34 a barrel while U.S. West Texas Intermediate crude was at $73.12 a barrel, up 0.6%.
U.S. stocks finished sharply higher on Friday as talks on raising the U.S. debt ceiling progressed, while chip stocks surged for a second straight day on optimism about artificial intelligence. The S&P 500 climbed 1.30%, Nasdaq gained 2.19%, while Dow Jones Industrial Average rose 1%.
The SGX Nifty gained 0.94% in trade on Monday morning, signaling that domestic indices NSE Nifty 50 and BSE Sensex would open on a positive basis. Nifty futures were 174 points higher on the Singaporean exchange at 18,722.