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breaking news Eicher Motors, Jsw Steel and Tata Steel help Nifty recover 15,800

Indian equity benchmarks opened with a positive bias on Monday with Nifty around 15,800. Investors also eyed weakness in US stock futures and Chinese industrial production data.

At 09:16, the 30-stock Sensex was up 78.13 points or 0.15% at 52,871.75, and the broader Nifty was up 14.10 points or 0.09% at 15,796.30 .

About 1,545 stocks were up, 479 stocks were down and 91 stocks were unchanged.

Eicher Motors, JSW Steel, Maruti Suzuki, Titan Company and Tata Steel were among the top winners at Nifty.

UltraTech Cement, Shree Cements, Tech Mahindra, NTPC and Power Grid Corp were among the major laggards.

Larger markets were in red. The BSE MidCap and SmallCap indices were up to 0.2% lower.

Among sector indices, metals, autos, real estate, energy and PSBs gained the most on Nifty, up 1-2%, while pharmaceuticals and consumer staples were in the red.

Macroeconomic data from the US, UK and India will be in focus this week, along with the latest leg of fourth quarter earnings.

The Wholesale Price Index (WPI) reading for April will be closely watched on Tuesday, after retail inflation for the month hit an eight-year high of 7.8%.

Ambuja Cements and ACC rose 3% and 7% respectively, after the Adani Group reached definitive agreements on Sunday to acquire Swiss cement giant Holcim’s stake in Ambuja and ACC, in a 10-year deal. $5 billion.
breaking news Eicher Motors, Jsw Steel and Tata Steel help Nifty recover 15,800

Global Markets

Asian markets gained on Friday with the Hang Seng and Nikkei up 0.9 and 1.2%, respectively. Oil prices also rose around 4% today as China seeks to ease Covid-19 restrictions. Brent and WTI futures closed at $111.55 and $110.49 a barrel.

US stocks posted a relief rally on Friday. The Dow Jones rose 1.47%, the S&P 500 gained 2.39% and the Nasdaq advanced 3.82%.


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