Share Market: Asian cues lift indices; realty stocks rise

Gallery

MORE...

Sports

India Open Competition in Shotgun begins in Jaipur, paving way for Nationals' qualification

India Open Competition in Shotgun, organised by the National Rifle Association of India (N

Hockey India names Amir Ali-led 20-man team for Junior Asia Cup

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

MORE...

Share Market: Asian cues lift indices; realty stocks rise

Last Updated : 27 Sep 2021 12:53:48 PM IST

Share Market: Asian cues lift indices; realty stocks rise

Positive Asian cues lifted the key indices of the Indian equity market during Monday's morning trade session.

Besides, higher crude oils and commodity prices provided additional support to the upward trajectory.

Sector wise, realty, auto and bank stocks gained the most whereas power and IT scrips lost the most.

At around 10.30 a.m., S&P BSE Sensex traded at 60,142.17 points, higher by 93.70 points or 0.16 per cent from its previous close.

Similarly, NSE Nifty50 edged higher. It rose to 17,867.70 points, higher by 14.50 points or 0.081 per cent from its previous close.

"At higher levels, another bout of profit taking has emerged," said Deepak Jasani, Head of Retail Research, HDFC Securities.

"However one more attempt to rise towards 18,000 Nifty seems due either today or in the next 1-2 days."

According to Gaurav Garg, Head of Research, CapitalVia Global Research: "Indian benchmark indices started on a positive note on Monday. Asian shares got off on positive start despite the jump in oil prices to three years high."

"Our research suggests that 17,790 is an important level in the market. If the market sustains above 17,790, we can expect the market to trade till the level of 18,000-18,100. If the index slips by this point, it will push itself into some consolidation."