Nifty 50 Up 14 Points, Sensex Gains 90 Points; IT Index Surges Over 3%, Realty Stocks Drag
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As of 2:00 PM, the Nifty 50 was trading 14 points, or 0.06 per cent, higher at 24,444.35, while the Sensex advanced 89.54 points, or 0.11 per cent, to 78,374.61.
✨ Key Takeaways
The Indian stock market gave up a large part of its early gains during the afternoon session on Monday, as weakness in realty and chemical stocks offset strength in information technology shares.
As of 2:00 PM, the Nifty 50 was trading 14 points, or 0.06 per cent, higher at 24,444.35, while the Sensex advanced 89.54 points, or 0.11 per cent, to 78,374.61.
The broader market remained under pressure despite the positive trend in benchmark indices. The Nifty MidCap index was down 0.44 per cent, while the Nifty SmallCap index declined 0.56 per cent, indicating continued selling interest in mid- and Small-Cap stocks.
Among sectoral indices, Nifty IT emerged as the top performer, rising more than 3 per cent. Nifty Consumer Durables and Nifty Bank also traded in positive territory, supporting the benchmark indices.
On the other hand, Nifty Realty was the worst-performing sector of the day, with sharp declines weighing on the broader market. Chemical stocks also remained under pressure, contributing to the erosion of the market's earlier gains.
Disclaimer: The article is for informational purposes only and not investment advice.