The NSE's NIFTY50 index was up 146 points, or 0.62%, at 23733.45, while the S&P BSE SENSEX was up 483 points, or 0.62%, at 78,524.92 at 9:28 AM.Today's stock market: On Monday, December 23, the domestic equity market began the day with respectable gains due to positive global cues and purchases in nearly every industry.
The NSE's NIFTY50 index was up 146 points, or 0.62%, at 23733.45, while the S&P BSE SENSEX was up 483 points, or 0.62%, at 78,524.92 at 9:28 AM.
Thirteen of the NIFTY50 index's fifty components fell, while 37 of them rose.
JSW Steel, HDFC Bank, Shriram Finance, Hindalco, and Bajaj Finance were the index's top five gainers.
Hero MotoCorp, HDFC Life, SBI Life, NTPC, and Eicher Motors were the top five losses.
As per a government notification, India has opened an investigation into a purported rise in the importation of specific steel flat products after receiving a complaint from the Indian Steel Association. This has caused metal stocks to surge in trading.
The commerce ministry's Directorate General of Trade Remedies (DGTR) has begun looking into the import of "Non-Alloy and Alloy Steel Flat Products," which are used in a variety of industries, such as fabrication, pipe manufacturing, construction, capital goods, automobiles, tractors, bicycles, and electrical panels.
On the BSE, Zomato's stock was down 2.2% at ₹275.65 a share. As of right now, the stock is included in the highly sought-after SENSEX pack.
JSW Steel has been superseded by it.
A Wider Market
The BSE SmallCap index was down 368 points, or 0.67%, at 54,781.43, while the BSE MidCap index was down 21.67 points, or 0.05%, at 46,204.83.
International Markets
On the international stage, Asian stocks rose Monday as Washington avoided a government shutdown and a positive US inflation figure gave some optimism for additional policy easing next year.
The Fed's hawkishness earlier in the week was partially offset on Friday when a key measure of core US inflation came in lower than expected at 0.11%, which caused Wall Street to rally.
Outside of Japan, MSCI's most comprehensive index of Asia-Pacific stocks was up 0.3%.
Nasdaq futures strengthened 0.4%, while S&P 500 futures increased 0.3%. Although the Nasdaq is still up 30% for the year, it dropped 1.8% last week and the S&P 500 dropped nearly 2%.
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