Stock Markets Today: BSE Sensex, NSE Nifty open in green; NTPC, Power Grid among top gainers

After a strong Friday closing, the stock markets on Monday opened in the green. While the Sensex was trading at 34910.37, up by almost 0.5 per cent or 178 points within minutes of opening bell, the broader market Nifty 50 traded at 10302.25, up by over 57 points or around 0.5 per cent from the previous close.

In the 30 share BSE Sensex, 21 stocks were trading in the green soon after the markets opened while the remaining 11 were trading in the red. The top gainers on Monday at the time of opening were Bajaj Finserv, Power Grid, Sun Pharmaceuticals, NTPC, Indusind Bank and Bajaj Finance. The top losers were Ultratech Cement Company, TCS, HCL Technologies, Tata Steel and Bajaj Auto.

Meanwhile, Cipla, Indusind Bank, Hero Motocorp, Power Grid and Bharti Airtel were the top gainers on Nifty Fifty on Monday in the opening trade. The top losers were Grasim Industries, Tata Motors, JSW Steel, Eicher Motors and Ultratech Cement Company.

On Friday, Sensex ended at 34,731.73, up by over 1.5 per cent while the Nifty 50 closed at 10,244.40, also up by 1.5 per cent.

Today, the rupee was trading at around 76.2375 against the USD at 9:25 am.

In the global stock markets, US stock futures dropped in early Asian trade on Monday as rising coronavirus cases in the United States raised more doubts about a quick economic rebound from the massive downturn triggered by the pandemic. US S&P 500 futures were down 0.4 per cent at 2323 GMT, having fallen as much as 1.05 per cent in earlier trade. Chicago-traded futures indicate Japan`s Nikkei is on course to fall 1.3 per cent. 

See Zee Business Live TV Streaming Below:

The pandemic is accelerating globally with the World Health Organization (WHO) reporting a record increase in global coronavirus cases on Sunday. Investors are also wary of developments in Hong Kong after details of a new security law for the territory showed Beijing will have overarching powers over its enforcement.

Inputs from Reuters