The Sensex Gains Nearly 500 Points The Best Level Is 17,800.

Infosys, Bharti Airtel, and HDFC are among the most significant wins

The benchmark Sensex was up more than 500 points in early trading on Monday. And posted gains in the Infosys, Bharti Airtel, and HDFC indices amid positive trends in global markets. The 30-stock index was trading at 506.20 points, or 0.85%, up to 59,813.13 in the first few trades. Likewise, Nifty rose 158.40 points or 0.90% to 17830.05 points.

Bharti Airtel was the most profitable on the Sensex package, up about 3%, followed by HCL Tech. Tech Mahindra, Tata Steel, Infosys, and Axis Bank. On the other side, M&M, Dr. Reddy’s, Bajaj Finserv, HUL also Reliance Industries were among the lost. In the last session, the 30-stock index fell 677.77 points, or 1.13%, to end at 59,306.93 points, and the Nifty fell 185.60 points, or 1.04%, to 17,671.65.

According to the bourse, foreign institutional investors (FIIs) became net sellers in the capital market. When they released shares worth ₹5,142.63 crores on Friday.

The market appears to have strengthened as high-quality market ratings and the lack of positive surprises in earnings, mainly due to higher input costs. Weighed on investor sentiment, said Head of Binod Modi Strategy at Reliance Securities. “However, overall performance to date has been good with strong top-line growth, which supports double-digit revenue growth.”

Sensex and Nifty are down from intra-day highs but still trading comfortably in the green. Sensex was still up 500 points while Nifty was hovering just around 17,800.

We believe the market may remain volatile and trending in the short term. And investors will follow industry prices,” he said. Elsewhere in Asia, the Shanghai, Seoul, and Tokyo bourses traded in the middle of the session with trading gains while Hong Kong was red. Meanwhile, international oil benchmark Brent crude fell 0.33% to $83.44 per barrel.