sensex today: Market Watch: Negative tone to continue till Nifty reclaims 18,000 | The Economic Times Podcast

Indian equity indices closed in the green after a highly volatile trade amid mixed global cues, led by banking, financial and IT stocks. Some Adani Group shares also ended higher.

The BSE Sensex index ended 170 points or 0.29% higher at 59,500, while Nifty50 rose 45 points or 0.25% to settle at 17,649.

Among Sensex stocks, Bajaj Finance, Bajaj Finserv and UltraTech Cement were the top gainers, rising about 2-4.5%. NTPC, HCL Tech, Asian Paints, Reliance, Infosys, Wipro and Sun Pharma also closed with gains.

However, Power Grid Corp, IndusInd Bank, L&T, Tata Steel, HUL, ITC and Tata Motors closed with cuts. Sector-wise, Nifty IT rose 1.10% and Nifty PSU Bank surged 0.55%. Whereas, auto, media, metal, pharma, realty, oil & gas and FMCG stocks closed with cuts. In the broader market, Nifty Midcap50 increased 0.16%, while Smallcap50 declined 0.12%.

The market capitalisation of all listed companies on the BSE declined by Rs 1.07 lakh crore to Rs 268.58 lakh crore.

Asian markets closed mixed on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Mr Ajit Mishra of Religare Broking said he expects the negative tone to continue until Nifty reclaims 18000 decisively or forms a reversal pattern.

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