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Expansion
On Monday, the Sensex has seen a gain of about 400 points in the opening trade, while the Nifty is also seeing a rise of about a hundred points. Sensex 54175 at 9.21 am while Nifty is trading at a level of 16180 points.
Stocks like Infosys, Tech Mahindra, Sun Pharma and Tata Steel are showing strength. On the other hand, there is slight weakness in the shares of HDFC, HDFC Bank and M&M.
On the first trading day of the week, there has been a good rally in the global markets. The Dow Jones had gained more than 600 points on Friday. On Monday (July 18), AGX Nifty (SGX Nifty) is also seeing an increase. On Friday, crude oil prices saw a jump of 2.5 percent.
Talking about Asian markets, Japan’s market is closed today. The results of companies like BOA, Goldman Sachs, Tesla, Netflix are to come in the global market this week. Monsoon session of Parliament will begin in India from today. During this, the government plans to pass a total of 24 bills. This can also have an effect on the movement of the stock market.