Indian Stock Markets carried on to trade on a flat note in the afternoon session on Monday, ahead of the RBI’s policy meeting on Wednesday. At the closing, the BSE Sensex closed higher by 36.78 points at 32869.72, while the NSE Nifty finished higher by 5.95 points at 10127.75. The BSE Mid Cap finished down by 0.1 percent while BSE Small Cap finished down by 0.5 percent. Metal stocks and Software stocks witnessed majority of the buying activity, while losses were mainly seen in reality, power and bank sector stocks.
Nifty Information Technology index gained 1.2 percent in trade with major heavyweights such as Infosys and HCL Tech gaining more than 2 percent at the close. Wipro share price fell over 3 percent in morning trade before keeping up to finish in green, while Infosys share price surged 2.8 percent after Salil Parekh was appointed as the new CEO and MD of Infosys, for a period of five years.
Automobile sector stocks finished the day on a negative note with Escorts Limited and Ashok Leyland Limited’s share price leading the losses. Sixteen out of Nineteen BSE sectoral indices were trading in positive note led by the IT Index, which rose 1.85 percent. Meanwhile, energy sector stocks were down 0.48 percent and consumer durables fell 0.28 percent.
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