Share Market Closing Bell! Sensex, Nifty end at record high for 3rd straight session; metal stocks held market in the green

For the third straight session, the Indian markets on Monday made history by closing at new record highs. The BSE Sensex concluded almost near 55600-level and Nifty50 surged past 16550-mark. The PSU banking scrips were dragging the market, however, metal stocks held the benchmarks positive. 

The BSE Sensex grew over 145 points or 0.26 per cent to 55,582.58, while Nifty50 jumped near 34 points or 0.21 per cent to 16,563 levels at the market close on Monday. While Mid-Cap index underperformed the benchmarks to close negative by near 100 points or 0.34 per cent to 27,507. 

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Another important Index for Nifty50, Nifty Bank ended almost 75 points or 0.21 per cent lower to 36,095 levels, led mainly by SBI and Kotak Bank.     

Out of 50 scrips on Nifty50, 21 advanced, 29 declined at the close. Tata Steel surged most at the close on Monday by over 3.5 per cent, followed by Bajaj Finance by over 3 per cent. While M&M, Britannia and IOC gained between 2-3 per cent at the market close today. 

On the contrary, Maruti Suzuki continuing its decline for the whole session today, ended over 2.5 per cent lower, followed by Shree Cement and Eicher Motors each declined by over 2 per cent today. Power Grid, Bajaj Auto, SBI and UltraTech Cement are the other stocks also slumped today at close. 

Nifty Metal powered the benchmark indices more, surging almost 1.5 per cent at the market close today, followed by Nifty FMCG and financial services sectors marginally in the green. While rest all other indices plunged with Nifty Auto and banking stocks declining most at the close on Monday.

On the global front, the futures on the S&P 500 and Nasdaq fell 0.2 per cent each, while the Stoxx Europe 600 declined 0.5 per cent and the MSCI World index was down 0.2 per cent.