The stock market had a bumper opening on the first day of the week, both indexes reached all-time high

Mumbai : On the first day of the week, i.e. Monday, there has been a tremendous jump in the performance of the stock market. In the initial business of the pre-opening market, the major indices of the domestic market have seen a huge rise. In the early session of this day, Sensex and Nifty have seen a rocket speed rise. The reason behind this rise is being attributed to the flow of foreign capital and the rise in Asian markets.

The 30-share BSE Sensex jumped 318.58 points to hit an all-time high of 84,862.89 points. The NSE Nifty gained 120.75 points to hit a new record high of 25,911.70 points. Both indexes are trading at record levels, driven by a bullish trend in Indian equities due to increased foreign investment. Also, the rupee strengthened by six paise to 83.46 per dollar in early trade on Monday amid a positive trend in domestic stock markets. However, foreign exchange traders said that the Indian currency's gains were limited by rising crude oil prices and strengthening of the dollar against major foreign rivals.

Condition of Sensex listed companies

Among the 30 Sensex-listed companies, Mahindra & Mahindra, Bharti Airtel, NTPC, State Bank of India, Kotak Mahindra Bank, Adani Ports, Tata Steel and Tata Motors were the top gainers. ICICI Bank, HCL Technologies, JSW Steel and ITC were the losers.

The situation of Asian markets

In Asian markets, South Korea's Kospi, Hong Kong's Hangseng and China's Shanghai Composite were in profit. US markets closed with a mixed trend on Friday. International standard Brent crude rose by 0.75 percent to $ 75.05 per barrel.

Buy shares worth this much

The rupee opened at 83.44 per dollar at the interbank foreign exchange market and slipped to 83.49 per dollar after initial deals. However, it then bounced back to 84.46 per dollar, showing a rise of six paise from the previous close. The rupee closed at 83.52 against the US dollar on Friday. Meanwhile, the dollar index, which shows the position of the US dollar against six major currencies, rose 0.07 percent to 100.49. According to stock market data, foreign institutional investors (FIIs) were buyers on Friday and bought shares worth a net Rs 14,064.05 crore.

(With agency input)