Sensex, Nifty jump over 1% in early trade on Monday, Jan 9; TCS shares rise 2%, Tata Steel shares up over 1%

Sensex, Nifty jump over 1% in early trade on Monday, Jan 9; TCS shares rise 2%, Tata Steel shares up over 1%

Indian equity indices opened in green on Monday. The NSE Nifty 50 rose 192.10 points or 1.08% to 18,051.55 and BSE Sensex rose 642.60 points or 1.07% to 60,546.20. The top Nifty gainers were Hindalco, Tech Mahindra, Tata Motors, Tata Steel and UPL while Titan, HDFC Life, ICICI Bank, Hindustan Unilever and Eicher Motors were the top losers.Sectoral Indices

In the sectoral indices, Nifty Bank was up 0.20%, Nifty Pharma was up 0.88%, Nifty IT was up 1.34%, Nifty PSU Bank was up 0.52% while Nifty consumer durables was down 0.33%. The volatility index India VIX was up 0.39%.

Asian and US stock markets

China’s Shanghai composite index rose 16.46 points or 0.52% to 3,174.17 on Monday and Hong Kong’s Hang Seng rose 14.27 points or 0.45% to 3,171.90. Japan’s Nikkei 225 ended Friday’s session 153.05 or 0.59% higher at 25,973.85. US stock indices on Friday ended broadly in green with Dow Jones Industrial Average (DJIA) rising 700.53 points or 2.13% at 33,630.61, S&P500 rose 86.98 or 2.28% to 3,895.08 and Nasdaq advanced 264.05 points or 2.56% to 10,569.29.

FII and DII data

Foreign institutional investors (FII) sold shares worth a net Rs 2902.46 crore while domestic institutional investors (DII) bought shares worth a net Rs 1083.17 crore on Friday, 6 January 2023, according to the data available on NSE.

NSE F&O Ban

Indiabulls Housing Finance is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday, January 9, 2023.