May 16, 2023 / 07:30 AM IST
Market on Monday:
The Indian equity benchmarks ended higher in the second consecutive session on May 15, posting a five-month high, supported by realty, FMCG and PSU Banks.
At close, the Sensex was up 317.81 points or 0.51 percent at 62,345.71, and the Nifty was up 84 points or 0.46 percent at 18,398.80.
Amid mixed global cues, the Indian indices started on a flat note but picked up momentum as the day progressed. The falling wholesale price index (WPI) inflation into the negative territory for the first time since July 2020, also boosted the sentiments. However, the last-hour profit booking erased some of the intraday gains.
Hero MotoCorp, Tata Motors, ITC, Tech Mahindra and HUL were among the top gainers on the Nifty, while losers were Adani Enterprises, Cipla, BPCL, Divis Labs and Grasim Industries.
Except for power, all other sectoral indices ended in the green with the realty index up over 4 percent, FMCG and PSU Bank indices up 1 percent each, while bank, auto, capital goods, information technology and metal up 0.5 percent each.
BSE midcap and smallcap indices rose 0.5 percent each.
Read More: Indices trade lower amid volatility; realty, PSU banks gain