NSE & BSE trade firm in early trade

BSE Sensex climbed by 123.53 points to 60,964.27 on Monday & the broader NSE Nifty advanced by 47.9 points to 18,153.20 amid markets starting on a positive note
BSE & NSE climb
BSE & NSE climb

Mumbai: Equity benchmarks started the first day of trade of the New Year on a positive note amid buying in index majors Reliance Industries and ICICI Bank. The 30-share BSE Sensex climbed by 123.53 points to 60,964.27 on Monday. The broader NSE Nifty advanced by 47.9 points to 18,153.20.

The BSE benchmark fell by 293.14 points or 0.48 percent to settle at 60,840.74 on December 30, 2022. The Nifty declined by 85.70 points or 0.47 percent to end at 18,105.30. Foreign Institutional Investors (FIIs) offloaded shares worth Rs 2,950.89 crore on December 30, 2022, according to exchange data.

Position of various stocks listed in BSE

From the Sensex pack, Tata Steel, Tata Motors, ICICI Bank, Reliance Industries, State Bank of India, Bharti Airtel, Axis Bank and UltraTech Cement were the major winners.

Asian Paints, Bajaj Finserv, Bajaj Finance, Tech Mahindra, HCL Technologies and Power Grid were the major laggards.

Performance of markets worldwide

In Asia, equity markets in Seoul traded lower.

Markets in the US ended lower on December 30, 2022.

International oil benchmark Brent crude climbed by 2.94 percent to USD 85.91 per barrel.

Robust GST collections last month indicate resilience of the economy, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The collections from Goods and Services Tax (GST) grew 15 percent to Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.

Citing the GST collection figures, Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities said, for the time being, investors can heave a sigh of relief.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

PSU Watch