India Markets Monday Wrap-Up: Range-Bound Trading Day

Equitymaster submits: After a strong start in the morning, Indian indices pared some gains as the day progressed as investors chose to book profits at higher levels. While the afternoon session saw the indices trading within a range, buying activity picked up in the final trading hour and led the indices to close well above the dotted line. While the BSE Sensex closed higher by around 89 points (up 0.4%), the NSE Nifty gained around 32 points (up 0.5%).

Equitymaster submits: The Indian stock market began the day's proceedings on a strong note before profit booking at higher levels erased some gains. However, the markets managed to trade above the dotted line throughout the trading session, although trading remained range bound from the afternoon session onwards including the final hour. While the BSE-Sensex closed higher by around 52 points (up 0.3%), the NSE-Nifty closed higher by around 23 points (up 0.4%).

Equitymaster submits: After a strong start in the morning, sustained buying across index heavyweights led the Indian indices to close well into the positive in the final trading hour. While the BSE Sensex closed higher by around 139 points (up 1%), the NSE Nifty gained around 40 points (up 1%). The BSE Midcap and the BSE Smallcap also notched gains of around 1% each. While gains were seen across sectors, FMCG and IT stocks were at the receiving end.

Equitymaster submits: Indian indices had a positive trading session today. Despite a 2.5 hour technical snag on the BSE, the Nifty traded strong. Markets traded well above the dotted line throughout the day, with broad based gains. While the BSE Sensex closed higher by around 323 points (up 1.7%), the NSE Nifty gained around 100 points (up 1.7%). The BSE Midcap and the BSE Smallcap, were also trading strong with gains of around 1.7% and 1.2% respectively.

Equitymaster submits: While the Indian markets traded well above the dotted line for the larger part of the day, buying activity across index heavyweights further intensified in the final trading hours. Thus, the markets were able to recoup most of yesterday’s losses. While the BSE Sensex closed higher by around 365 points (up 2.2%), the NSE Nifty gained around 106 points (up 2.2%). While the BSE Midcap ended higher by 1.5%, the Smallcap index notched up gains of 1.7%.

Equitymaster submits: Although in the positive, the Indian indices remained range bound for the larger part of the trading session today. However, buying activity intensified in the final hours and helped the indices to close well above the dotted line. While the BSE Sensex closed higher by around 235 points (up 1.3%), the NSE Nifty gained around 69 points (up 1.3%). The BSE Midcap and the BSE Smallcap also did well to notch gains of 2% each. Gains were largely seen in metals, IT and oil & gas stocks.

Equitymaster submits: After a cautious start in the morning, Indian indices slowly gained strength as the day progressed only to be subject to another round of profit booking. However, sustained buying at lower levels ensured that the indices stayed well above the dotted line and closed in the green. While the BSE Sensex closed higher by around 65 points (up 0.4%), the NSE Nifty gained around 13 points (up 0.3%). The BSE Midcap and BSE Smallcap also notched gains of 0.5% and 0.3% respectively.

Equitymaster submits: While the Indian markets traded well above the dotted line for the larger part of the day, selling activity across index heavyweights intensified in the final trading hours to pare most of the gains that were made. While the BSE Sensex closed higher by around 24 points (up 0.2%), the NSE Nifty gained around 13 points (up 0.3%). While the BSE Midcap ended flat, the Smallcap index notched gains of 1%.