Live Stock Market Update: NSE has reported a significant 25% increase in revenue, reaching Rs 3,517 crore for the December quarter. Despite this positive news, the Sensex and Nifty experienced minor declines during the day’s session, while the Indian Rupee showed strength against the US Dollar.
The trading day began with a promising start as both Sensex and Nifty opened higher, buoyed by positive cues from global markets. However, as the session progressed, volatility set in, leading to a reversal into the red. Notably, energy stocks faced considerable losses, contrasting with a rally observed in the pharmaceutical sector.
In the broader Asian markets, the picture was mixed on Monday morning. While the S&P 500 and NASDAQ displayed resilience, trading nearly 1% higher, the Dow Jones Industrial Average (DJIA) saw a slight dip of 14 points. Despite this, US indices recorded gains for the fifth consecutive week.
Meanwhile, international oil prices experienced a slight decline on Monday following Israel’s announcement of concluding strikes in southern Gaza. This development raised concerns about oil supply from the Middle East. Brent oil futures dipped by 0.20% to 81.81 points, while US WTI futures decreased by 0.52% to 76.44 points.