Dalal Street Ends on Positive Note; Sensex Gains 356 Points on Global Cues and Poll Results

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Indian benchmark indices ended higher on Monday, led by global optimism. Sensex rose 356 points and Nifty gained 0.51%, with metals, realty advancing, while IT and PSU banks lagged
Dalal Street Ends on Positive Note; Sensex Gains 356 Points on Global Cues and Poll Results
The BSE Sensex finished the day at 77,269.40 points, marking an increase of 355.90 points or 0.46 per cent. Credits: AI-generated image

Market closed in green as Indian benchmark indices sustained opening momentum to end the first trading session of May with gains.

The BSE Sensex finished the day at 77,269.40 points, marking an increase of 355.90 points or 0.46 per cent.

The NSE Nifty 50 followed a similar trajectory, closing at 24,119.30 points, up by 121.75 points or 0.51 per cent.

Top gainers on the Nifty included Adani Ports, Adani Enterprises, Eicher Motors, Reliance Industries, and Jio Financial. Meanwhile, Bharti Airtel, Kotak Mahindra Bank, Dr. Reddy's, ONGC, and TCS were among the top losers.

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Among sectors, metal, realty, infrastructure, and pharma rose by about 0.5-1 per cent.

In contrast, IT, media, and PSU banks ended in the red. The broader market stayed positive, with the Nifty Midcap and Smallcap indices gaining around 0.5 per cent each.

At the time of filing this report on Monday, Asian markets exhibited a broadly positive trend, led by substantial gains in the KOSPI and Taiwan Weighted indices, which rose by 4.87 per cent and 4.37 per cent, respectively.

Other regional indices also performed well, with the Hang Seng climbing 1.19 per cent and the Nikkei 225 up 0.38 per cent.

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Modest growth was observed in Straits Times (0.24%), Jakarta Composite (0.22%), and Shanghai Composite (0.11%), while the SET Composite remained unchanged.

Performance in the US markets was mixed, as Dow Jones Futures slightly declined by 0.14 per cent, whereas the S&P 500 and Nasdaq showed positive movement with gains of 0.29 per cent and 0.89 per cent, respectively, during their most recent sessions.

In the commodities sector, energy saw an uptick with Brent Crude rising 1.43 per cent to $109.72 and Crude Oil increasing 1.03 per cent to $102.99.

Meanwhile, Gold prices experienced a pullback, dropping 0.80 per cent to trade at $4,575.69.

Market participants said sentiment remained supported by positive global cues, while domestic factors such as election results would influence near-term movement.

(With inputs from ANI)