Driving Naari Programme launched in Chandigarh
Benchmark stock market indices ended higher on Monday after opening flat in early trade. While financial shares led the gains, shares of Reliance Industries Limited and Jio Financial Services fell after the company’s 46th Annual General Meeting (AGM).
At the closing bell, the S&P BSE Sensex settled 110.09 points higher at 64,996.60, while the NSE Nifty50 gained 40.25 points to end the session at 19,306.05. Broader market indices performed better than the benchmarks.
Nifty Bank, Nifty Financial Services and Nifty Auto performed well and most of the sectoral indices ended in positive territory, except Nifty IT and Nifty FMCG.
Power Grid Corporation, L&T, Cipla, M&M and BPCL were the top 5 gainers on the Nifty50, while Jio Financial Services, Reliance Industries Limited, Adani Enterprises, Hindalco and Nestle India were the top losers.
Shares of Reliance Industries Limited fell 1.27 per cent at the end of the session, following the company’s 46th AGM, where the group’s Chairman Mukesh Ambani shared several positive updates and announced the launch of Jio AirFiber.
Jio Financial Services fell 2.05 per cent at the end of the session even as Mukesh Ambani shared a concrete roadmap for the demerger financial arm of Reliance.
Deven Mehata, research analyst at Choice Broking, said, “After today’s gap up start, Nifty remained choppy the whole day, but it eventually stabilized and closed the day in the green. Nifty completed the day above its support of 19,286, which is also 50 Day EMA levels, and produced a Doji formation on the daily chart close above 19,300 levels.”
