The benchmark indices Sensex and Nifty closed flat on Monday. The market in the initial trading hours was buoyed by the reduction in windfall tax on crude oil and favourable global cues, ending flat after the trading session.
The Indian benchmark indices gained in the opening session on Monday, starting the week on a positive note following the global stock market sentiments.
The Indian stock market on Monday will be driven by favourable global cues and domestic economic data such as the HSBC India Manufacturing PMI and HSBC India Services PMI, as per the market analysts.
The Nifty 50 surged by 397.40 points, or 1.65 per cent, to close at 24,541.15, while the Sensex jumped 1,330.96 points, or 1.68 per cent, ending the day at 80,436.85.
Indian stock markets surged firmly on Friday from the opening session, with both indices gaining more than 1 per cent following the rally in the Nifty IT and Nifty Realty.
Indian markets opened with gains on Friday following the rally in global stock markets. Both benchmark indices, Nifty 50 and Sensex, gained at the opening.
Indian stock markets on Wednesday opened marginally up following global cues and a rally in US stock markets. According to the experts, the Indian markets are in balanced mode amid the FIIs selling and DIIs buying.
The BSE Sensex ended 56.98 points lower, settling at 79,648.92, while the NSE Nifty declined by 20.50 points to close at 24,347.00. Among the Nifty companies, 19 saw advances while 30 recorded declines.