Sensex, Nifty End Marginally Higher In Cautious Trade
(RTTNews) - Indian shares ended marginally higher on Monday despite mixed cues from global markets and rising oil prices on talk of more sanctions against Russia.
Sustained optimism over GST tax cuts and expectations of a Federal Reserve rate cut this month helped underpin sentiment to some extent.
The benchmark BSE Sensex moved in a narrow range before ending the session up 76.54 points, or 0.09 percent, at 80,787.30.
The broader NSE Nifty index edged up by 32.15 points, or 0.13 percent, to 24,773.15 while the BSE mid-cap and small-cap indexes rose around 0.3 percent each.
The market breadth was strong on the BSE, with 2,290 shares rising while 1,935 shares declined and 182 shares closed unchanged.
Metal and auto stocks topped the gainers list, while IT stocks underperformed on unconfirmed reports of U.S. President Donald Trump mulling tariffs on the IT industry and amid concerns over a U.S. immigration raid at Hyundai's Georgia plant.
Tata Motors and Mahindra & Mahindra both surged around 4 percent after announcing price cuts. Shares of Maruti Suzuki India advanced 2.3 percent.
Among other prominent gainers, Bajaj Finance, Tata Steel and Adani Ports gained 1-2 percent.
Adani Power jumped 3.9 percent after it announced a 570 MW hydroelectric project in Bhutan with Druk Green Power.
Among those that declined, Trent led losses to close nearly 4 percent lower and Asian Paints gave up 1.9 percent.
TCS, Larsen & Toubro, Tech Mahindra and HCL Technologies all fell around 1 percent.
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