Stock Market Today: Nifty, Sensex Snap 2-Day Losing Run, High Volatility

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Stock Market Today: Nifty, Sensex Snap 2-Day Losing Run, High Volatility
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Major indices on Dalal Street snapped a two-day losing streak and ended in green territory on Monday, tracking mixed global cues and high volatility in the domestic market.

Benchmark equity indices made a flat opening to the final week of FY23, later extending gains in the session on Monday. However, the last-hour selling led to benchmark indices losing their day’s gains while managing to end the session in the green.

Headlines Nifty50 closed 0.24% higher at 16,985.7 points and Sensex added 126.76 points or 0.22%.

The market fear barometer India VIX jumped 5.7% in Monday's intraday and touched 16.09 levels, indicating high volatility, and ended the session 1.35% higher.

Sectoral indices under the Nifty umbrella ended on a mixed note, with gains led by Nifty Pharma and Nifty Healthcare indices, while Nifty Realty fell the most by 1.2%. Nifty Bank gained marginally by 0.09%.

Market heavyweights Reliance (NS: RELI ), Maruti (NS: MRTI ), Cipla (NS: CIPL ), Divi's Laboratories (NS: DIVI ), Grasim (NS: GRAS ), SBI (NS: SBI ) and Sun Pharmaceuticals (NS: SUN ) led the gains on the Nifty pack, while on the flip side, Adani Ports (NS: APSE ), Adani Enterprises (NS: ADEL ), Power Grid (NS: PGRD ), M&M (NS: MAHM ), NTPC (NS: NTPC ), SBI Life Insurance (NS: SBIL ) and Tata Motors (NS: TAMO ) exerted pressure.

At 4:40 pm, key US Futures Dow Futures traded 0.64% higher and Nasdaq 100 Futures gained 0.42%.

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