Equity Markets Close Marginally Higher In Volatile Trading

Benchmark equity indices Sensex and Nifty closed marginally higher in the turbulent trading on Monday, driven by buying in heavyweights.

The 30-share BSE Sensex soared 131.18 points, or 0.16 percent to 77,341.08. The Nifty advanced 36.75 points, or 0.15 percent to 23,537.85. Bank Nifty moved 42.50 points, or 0.08 percent to 51,703.95.

Mahindra & Mahindra, Zomato, Trent, Cholamandalam Invest, Power Grid Corp, Marico, Shriram Finance, Siemens, RECL, Grasim Industries, and Adani Green Energy were the top gainers.

Among the laggards were IndusInd Bank, Cipla, DLF, Adani Ports, SRF, JIO Finance Serv., Vedanta, Adani Total Gas, Coal India, Pidilite Industries, Tata Steel, and GAIL (India).

In Asian markets, Singapore, Thailand, Tokyo, and Indonesia ended in positive territory, while Malaysia, South Korea, Taiwan, Hong Kong, and Shanghai concluded in negative territory.

US markets closed mostly lower on Friday.

European stocks were trading higher.

Brent crude gained 0.41 percent to USD 85.59 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,790.19 crore on Friday.

On Friday, the Sensex sank 269.03 points or 0.35 percent to 77,209.90, while the Nifty went down by 65.90 points or 0.28 percent to 23,501.10.

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