Stock Market HIGHLIGHTS: Sensex, Nifty break two-day losing streak; auto, FMCG stocks unleash bulls

Stock Market HIGHLIGHTS: Indian frontline indices S&P BSE Sensex and NSE Nifty extended gains after starting Monday on a cautious note. Buying in bank & financial services, FMCG and auto stocks lifted the mood of the markets. The 30-stock Sensex was trading at 61,638.43, up 300.62 points or 0.49 points while the broader market Nifty50 was trading at 18,372.50, up 103.50 points or 0.57 per cent. Banking gauge Nifty Bank was trading 12 points or 0.03 per cent higher at 43,231.45. 

In the 50-stock Nifty50, 38 stocks advanced with Eicher Motors, Mahindra & Mahindra, Adani Ports, Power Grid and Bajaj Finserv as top five gainers while TCS, Indusind Bank, Infosys and Wipro as top losers.

Strong action was seen in sugar and paper stocks as well. In the broader markets, PB Fintech (Policy Bazaar) and Indiamart among the top gainers in the Nifty Mid Cap 100 while top losers were Delhivery and Tata Teleservices (Maharashtra).   

KFin Technologies IPO opened today. Out of the 2,37,75,215 shares that were available for subscription, number of share bids received on the NSE were 2,17,080 or issue was subscribed 0.01 times. 

Singapore-based SGX Nifty futures were trading at 18,395, up 77 points or 0.42 per cent while Dow 30 futures were trading at 32,888.50, up 32 points or 0.10 per cent.

Rupee fells 2 paise to 82.77 against US dollar in early trade. USDINR 22 December futures were trading at 82.7550 on the BSE and were down 4.25 paise or 0.05 per cent. Rupee remained in a range of 82.55 to 82.85 for the day as RBI supported it near to 82.80/90 levels. Dollar index gained to 104.30 while brent oil fell to $ 79.23 releasing the pressure on rupee. Asian currencies all gained from lows, Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP said. 

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