Markets ended the first day of the week with gains despite slipping from the day's record high. The Sensex closed at 37, 691.89, up by 0.36 percent, or higher by 136 points, while the Nifty settled at 11, 387, up by 0.23 percent, or rising by 26.30 points.

Share Market Live

NSE

Both indexes eked out gains of around 0.3 percent, while the Nifty is less than 10 points from record closing.

Broader indices outperformed benchmark indices, while Nifty Bank ended 200 points higher.

Financial stocks ruled the day with the SBI, Axis Bank and ICICI Bank being the top Nifty gainers, contributing nearly 300 points to the broader 50-share's gain. The market breadth remains largely neutral with advance-decline ratio at 1:1.

(Market update as of 3.45 pm)

PSU Bank surges over 3 percent ahead of markets close

Markets have been able to held on to gains in the afternoon session, led primarily by PSU Bank which has surged over 3 percent. The BSE Sensex was trading at 37,740.01, rising by 184 points, or 0.49 percent, while the Nifty was at 11,400.15, higher by 39.35 points, or 0.35 percent.

Axis Bank has surged by nearly 5 percent on both indexes, followed by ICICI Bank, SBI, Bharti Airtel. Other gainers include Coal India and UPL.

The laggards include Kotak Mahindra Bank, Hindustan Unilever, GAIL, Sun Pharma, Dr Reddy's Labs, IndusInd Bank, Asian Paints, declining by up to nearly 2 percent. Midcaps trade higher by over half a percent.

On the BSE, Energy, Finance, Telecom, Bankex, Consumer Durables, Power, Metal have gained. BSE Bankex is higher by 1.44 percent, while Telecom is up by 1.59 percent. FMCG, IT and Realty have weakened.

On the NSE, PSU Bank surged by 3.07 percent, while PVT Bank and Nifty Bank are up by nearly a percent. Pharma and FMCG are down by half a percent.

(Market update as of 2.25 pm)

Markets pared gains from day's high around noon

The BSE Sensex was trading higher around 37,750 mark on Monday around noon, while the NSE Nifty 50 too hovered around 11,400 levels after the benchmark indexes scaled fresh peaks in early trade, carrying forward Friday's rally, led by buying across sectors and firm Asian cues despite US-China trade war concerns. Buying by DIIs and a stronger rupee also contributed to the upbeat sentiment.

At 11:52 am, the Sensex was trading 198 points higher, or 0.53 percent up, to 37,754.32. It has ranged between a high of 37,805.25 and a low of 37,643.29, after opening at 37,714.70. The Nifty was trading at 11,404.45, posting gains of 43.65 points, or 0.38 percent. It has so far traded between a high of 11,427.65 and a low of 11,377.95.

The market rally was primarily driven by bank stocks, well-supported by consumer durables, healthcare, metal, power, infrastructure. Shares of IT, auto, FMCG and realty showed weakness after the early hour of trade.

ICICI Bank is the top index gainer, followed by Axis Bank, SBI, Coal India, Tata Steel and UPL. Hindustan Unilever tops the laggards, along with Sun Pharma, Kotak Mahindra, Wipro, IndusInd Bank, Dr Reddy's Labs and Lupin.

Only FMCG, IT and Pharma trade weak among the NSE sectoral indices, while PSU Bank has surged the most by 1.81 percent and well-supported by private Banks at 0.93 percent each. Metal and financial service also trade higher near a percent. BSE midcap, largecap and smallcap are off from higher levels seen in the morning. BSE midcap was up by 0.49 percent, while the Nifty midcap was higher by half a percent.

Overseas, Asian stocks were trading higher although Japan's Nikkei is near flatline at 0.08 percent gain, Hong Kong's Hang Seng higher by half a percent.

Also, catch all the action and updates in our Market Live blog.

First Published:Aug 6, 2018 12:33 PM IST