Stock Market: No Monday blues! Sensex rises over 300 points, Nifty above 24,200

[ad_1]

Indian equity indices opened higher on Monday after five consecutive days of decline amid sustained foreign selling and lackluster corporate quarterly earnings. Today’s gains were led by ICICI Bank, which beat September-quarter profit expectations due to healthy loan demand.

The BSE Sensex was trading 319 points, or 0.40%, higher at 79,721, while the Nifty50 rose 62 points, or 0.26%, to 24,243 around 9:19 AM.

Meanwhile, the Nifty 50 has dropped nearly 8% from its record-high levels hit on September 27, weighed down by foreign outflows for the last 20 sessions, as investors direct funds to China on Beijing’s stimulus measures and relatively cheaper valuations.

Besides foreign selling, weak earnings have also hurt investor sentiment and added to the selling pressure, analysts stated.

From the Sensex pack, ICICI Bank, SBI, NTPC, Infosys, Bajaj Finserv, and Tata Motors were the top gainers, rising by up to 2.7%. Conversely, L&T, ITC, Tech Mahindra, Bharti Airtel, and JSW Steel opened lower.

Stock Trading

RSI Made Easy: RSI Trading Course

By – Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading

Ichimoku Trading Unlocked: Expert Analysis and Strategy

By – Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading

A2Z of Stock Trading – Online Stock Trading Course

By – elearnmarkets, Financial Education by StockEdge
Stock Trading

RSI Trading Techniques: Mastering the RSI Indicator

By – Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading

Technical Trading Made Easy: Online Certification Course

By – Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading

Stock Valuation Made Easy

By – Rounak Gouti, Investment commentary writer, Experience in equity research
Stock Trading

Mastering Options Selling: Advanced Strategies for Success

By – CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader
Stock Trading

Derivative Analytics Made Easy

By – Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets
Stock Trading

Options Trading Made Easy: Options Trading Course

By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading

ROC Made Easy: Master Course for ROC Stock Indicator

By – Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading

Options Scalping Made Easy

By – Sivakumar Jayachandran, Ace Scalper
Stock Trading

Market 104: Options Trading: Kickstart Your F&O Adventure

By – Saketh R, Founder- QuickAlpha, Full Time Options Trader