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Sensex, Nifty surge up to 1 pc in early trade as lower crude, FII buying boost sentiment
['Telangana Today']
Telangana Today
Sensex Nifty Surge Up To 1 Pc In Early Trade As Lower Crude Fii Buying Boost SentimentSensex, Nifty surge up to 1 pc in early trade as lower crude, FII buying boost sentimentIndian equity markets gained nearly 1 per cent on Monday, driven by buying in banking, FMCG and metal stocks, easing crude oil prices, monsoon progress and foreign inflows.
Sector-wise, FMCG, metal, cement and banking shares led gains, with Nifty FMCG, Nifty Metal, Nifty Chemicals, Nifty Cement, Nifty PSU Bank and Nifty Private Bank indices rising up to 1 per cent.
However, media, pharmaceutical and healthcare stocks remained under selling pressure, with Nifty Media, Nifty Pharma and Nifty Healthcare falling up to 1.6 per cent.
Broader markets also witnessed buying interest, with Nifty Microcap 500 and Nifty Smallcap 100 advancing about 1 per cent.
A sustained hold above 24,350 would support a mildly bullish bias, while a break below that level could weaken sentiment.