The Sensex and Nifty began the day flatly, trading muted after two consecutive sessions of gains. In early trading, the BSE Sensex rose by 46.08 points to 65,674.22, while the NSE Nifty increased by 19.70 points to 19,548.50.
Gainers included Jio Financial, Cipla, Titan, HDFC Life, and Coal India, while Hindalco, Tata Steel, JSW Steel, Dr. Reddy’s, and Bharti Airtel lagged.
Asian markets declined, with the MSCI Asia ex-Japan index dropping by 0.84% ahead of crucial macroeconomic data releases from various countries, including China. U.S. markets were closed on Monday due to a local holiday.
The Nifty 50 benchmark index witnessed a 1.43% increase in the past two sessions following robust first-quarter GDP growth of 7.8%, the highest in a year, as reported last Thursday. Subsequently, several brokerages revised their economic growth forecasts for India in fiscal year 2024.
Additionally, data indicated that factory growth accelerated at its swiftest pace in three months in August, driven by increased new orders and production.
On the investment front, foreign institutional investors divested shares worth RS 3,368 crore on a net basis on Monday. In comparison, domestic institutional investors acquired shares worth Rs 2,563 crore, according to stock exchange data.
