Sensex Today: Indian equity markets were calm on Monday, starting on a flat note after last week’s drubbing. The S&P BSE Sensex was quoting at 65,958 levels, down 51 points or 0.08 per cent. The Nifty50, meanwhile, was holding the 19,666-mark.
Bajaj twins, Cipla, ONGC, JSW Steel, Asian Paints, Apollo Hospitals, Tata Motors, and Grasim were leading the charge on the frontline indices, while Hero MotoCorp, Axis Bank, Infosys, L&T, HDFC Life, Bharti Airtel, TCS, and Reliance Industries were exerting pressure.
In the broader markets, the BSE MidCap and SmallCap indices were outperforming the indices with gains of 0.1 per cent and 0.2 per cent, respectively.
Shares of the casino operator crashed 10 per cent as it has received a tax notice from the government, demanding Rs 11,140 crore in taxes, interest, and penalties for the period July 2017 to March 2022.
Global Cues
Tokyo stocks opened higher on Monday on bargain-hunting after falls last week.The benchmark Nikkei 225 index was up 0.35 percent, or 113.53 points, at 32,515.94 in early trade, while the broader Topix index added 0.25 percent, or 5.83 points, at 2,382.10.
Wall Street see-sawed to a lower close on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested the Federal Reserve’s hawkish outlook revisions.
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
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