Sensex gains 50 Pts, Nifty above 12,150

Sensex gains 50 Pts, Nifty above 12,150

Agency News

The benchmark index of the Bombay Stock Exchange (BSE), Sensex has gained 50 points at 41,200 and the Nifty has added 12 points at 12,131.

The markets have opened marginally in the green post the losses witnessed in the previous session. The BSE Mid cap index has added 12 points at 15,771 and the smallcap index has added 65 points at 14,915.

All the NSE sectoral indices are trading in the green, with the sole exception of the metal index. Financial stocks are hogging the limelight this morning post the correction in the previous session; HDFC, HDFC Bank, SBI and ICICI Bank have added 0.5 per cent to 1 per cent each.

Oil prices slumped a further 2 per cent to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns in major Chinese cities deepened concerns about demand for crude.