Sensex and Nifty, two domestic benchmark indices, saw erratic trading on Monday. As the financial group struggled, the auto, real estate, and pharmaceutical sectors led gainers. Indexes of broader markets performed better.
“There are no indications that the US economy will shortly enter a slight recession. This implies that there will probably be a delay in this year’s anticipated Fed rate decreases. As a result, the dollar index reached 104 and the yield on the 10-year bond increased above 4% once more. This could lead to some FIIs selling. Nonetheless, robust DII and retail buying are supporting the upward market momentum.
Trade Highlights
Nearing a record low, Paytm is caught in a 10% lower circuit.
Following Q3 earnings, Tata Motors reaches a record high.
The Park Hotels IPO is now accepting subscriptions.