Indian Markets Monday Wrap-Up: Banks Drive Indicese to Strong Finish

Equitymaster submits: Although the Indian indices began the day's proceedings on a strong note, subsequent bouts of profit booking pared some gains. While the latter part of the afternoon session saw the indices struggling to stay afloat, renewed buying in the final hour helped the indices to close in the positive. While the BSE Sensex closed higher by around 34 points (up 0.2%), the NSE Nifty gained around 7 points (up 0.1%).

Equitymaster submits: Volatility plagued the Indian stock market indices today as every attempt at profit booking was followed by buying across index heavyweights at lower levels. That said, the indices managed to stay above the dotted line throughout the session. The final trading hours especially saw markets consolidating their gains to close well into the positive. While the BSE-Sensex closed higher by around 128 points (up 0.7%), the NSE-Nifty closed higher by around 33 points (up 0.6%).

Equitymaster submits: Volatility plagued the Indian stock market indices today as every attempt at profit booking was followed by buying across index heavyweights at lower levels. That said, the indices managed to stay above the dotted line throughout the session. The final trading hours especially saw markets consolidating their gains to close well into the positive. While the BSE-Sensex closed higher by around 128 points (up 0.7%), the NSE-Nifty closed higher by around 33 points (up 0.6%).

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: 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: 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%.

Equitymaster submits: Led by sustained buying activity across index heavyweights, Indian indices held on to their gains and closed well above the dotted line in today's trading session. While the BSE Sensex closed higher by around 72 points (up 0.4%), the NSE Nifty gained around 17 points (up 0.3%). The BSE Midcap and the BSE Smallcap also closed in the positive. Gains were largely seen in metals, oil & gas and consumer durables stocks, while FMCG and IT stocks were at the receiving end.