Benchmark equity indices Sensex and Nifty rallied on Monday tracking a firm trend in global markets amid hopes of a rate cut by the US Federal Reserve later this month.
The recent GST rate cut announcement also added to markets' optimism during the initial trade.
At 10:25 hours, the 30-share benchmark index was trading at 80869.64 up by 158.88 points or by 0.2 % and then NSE Nifty was at 24800.45 up by 59.45 points or by 0.24 %.
Sensex touched intraday high of 81048.67 and intraday low of 80786.71 The NSE Nifty touched intraday high of 24845.7 and intraday low of 24758.5
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 713.80,+3.17%), Tata Steel Ltd. (Rs. 171.85,+2.51%), Mahindra & Mahindra Ltd. (Rs. 3641.05,+2.23%), Adani Ports & Special Economic Zone Ltd. (Rs. 1342.55,+1.56%), Maruti Suzuki India Ltd. (Rs. 15050.95,+0.98%), among others.
The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 3025.90,-0.74%), Nestle India Ltd. (Rs. 1201.00,-0.72%), Asian Paints Ltd. (Rs. 2563.65,-0.59%), IndusInd Bank Ltd. (Rs. 754.00,-0.42%), Mahindra & Mahindra Ltd. (Rs. 1471.95,-0.39%), among others.
Auto index was at 60038.28 up by 1155.19 points or by 1.96%. Bharat Forge Ltd. (Rs. 1200.00,+5.50%), Ashok Leyland Ltd. (Rs. 136.90,+4.54%), Samvardhana Motherson International Ltd. (Rs. 97.64,+3.21%), Tata Motors Ltd. (Rs. 713.80,+3.17%), Hero MotoCorp Ltd. (Rs. 5483.40,+2.26%),.
IT index was at 33938.91 down by -110.19 points or by -0.32%. Onward Technologies Ltd. (Rs. 330.00,-3.76%), InfoBeans Technologies Ltd. (Rs. 546.45,-2.13%), eMudhra Ltd. (Rs. 690.10,-1.08%), Intellect Design Arena Ltd. (Rs. 896.50,-1.04%), Zensar Technologies Ltd. (Rs. 768.55,-1.04%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4091 , shares advanced were 2600 while 1269 shares declined and 222 were unchanged.