The S&P BSE Sensex index ended 76.77 points or 0.15 per cent higher at 52,551.53, recovering 615.22 points from its intraday low of 51,936.31. The broader NSE Nifty50 benchmark settled at 15,811.85, up 12.50 points or 0.08 per cent from its previous close.
Divi’s Labs was the top gainer among blue-chip stocks, ending 1.46 per cent higher. Tata Motors,
, Wipro, , ONGC, Power Grid and were among other top performers.
On the other hand, Adani Ports was the top laggard, down9.26 per cent. CIL, Kotak Bank, HDFC, NTPC, Bajaj Auto, and Sun Pharma were among other losers in the Nifty50 universe.
Analysts awaited official data on consumer prices in the country, due later on Monday, and more earnings reports from India Inc for cues. Focus will also be on the US central bank’s policy meeting this week.
“WPI inflation rose last month, reflecting a higher price of fuel and manufactured products along with a lower base. Fed policy meeting is expected to dominate investor behaviour in the coming days. Though the US central bank is expected to keep its rates unchanged, the key focus of the market will be on its comment on inflation,” said Vinod Nair, Head of Research at Geojit Financial Services.
The US central bank has assured that rising inflation will not last long enough to warrant a sooner-than-expected end to easy-money policies.
THIS IS A DEVELOPING STORY. MORE TO COME…
