Key Points
Equity benchmarks Sensex and Nifty closed higher on Monday as buying in power, auto and industrial stocks helped the indices rebound from early lows amid a bearish trend in global equity markets...
However, volatility in markets ahead of the week's monthly expiry and selling pressure on metal and oil & gas counters kept investors on the back foot, traders said...
The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08..
Markets stayed volatile ahead of this week's monthly expiry as key benchmark indices ended with modest gains after a sharp fall in early trades amid selective buying in auto, power and capital goods shares while selling in IT, metal and oil & gas pared gains...
In mid- and small caps, though the margin of safety in terms of valuation remains lacking, investors are keener on the growth story in capital goods, infra, auto, etc, Vinod Nair, Head of Research, Geojit Financial Services, said.. S&P Global Ratings on Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand...
