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Stock Market Updates: Sensex Rises 150 pts, Nifty At 21800; IT Shares Gain

Market Today: The equity benchmarks opened with slight gains on Monday as trade elsewhere in Asia remained muted with most markets closed

Market Today: The equity benchmarks opened with slight gains on Monday as trade elsewhere in Asia remained muted with most markets closed on account of Lunar New Year. The BSE Sensex rose 150 points to 71,740 and the NSE Nifty50 gained 37 points to 21,820.

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Wipro, HCLTech, Infosys, Tech M and TCS held the spots of lead gainers on the Sensex, while Dr Reddy’s and Divi’s Labs were the additional winners on Nifty.

On the flip side, Power Grid, Bharti Airtel, NTPC, Hero Moto, ONGC and Coal India were the top frontline losers.

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The BSE MidCap and SmallCap indices rose up to 0.27 per cent.

Global cues

Markets including Hong Kong, China, Japan, Taiwan and South Korea are closed for Lunar New Year holidays. ASX 200 in Australia was trading 0.2 per cent lower.

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US stocks ended mixed on Friday. The S&P 500 rose 0.57 per cent to close above the key 5,000 level for the first time. Nasdaq rallied 1.25 per cent while the Dow Jones fell 0.14 per cent.

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