Sensex and Nifty edge increased on positive factors in auto, power shares

Benchmark BSE Sensex rose by 85 factors on Monday following positive factors in auto, IT, power and FMCG shares amid a agency pattern in European markets.
In a largely range-bound session, the 30-share index ended 85.88 factors or 0.14 per cent increased at 61,308.91. Similarly, the NSE Nifty superior 52.35 factors or 0.29 per cent to 18,308.10.
Ultratech Cement was the highest gainer within the Sensex pack, surging almost 3 per cent, adopted by M&M, Maruti, Tata Steel, TCS, L&T, SBI and HUL.
On the opposite hand, HCL Tech, HDFC Bank, Axis Bank, Tech Mahindra, PowerGrid, and Sun Pharma had been among the many laggards, falling as much as 5.89 per cent.

“Indian markets opened marginally constructive monitoring blended Asian market friends as information confirmed Chinese financial system grew at 8.1 per cent in 2021, marginally decrease than expectations of 8.4 per cent.
“During the afternoon session, markets showed some strength and traded in positive territory as traders were getting relief, as foreign portfolio investors (FPIs) reversed the three-month selling streak in January by investing a net Rs 3,117 crore in Indian markets. However, the gains were capped during the day due to subdued performance by financials, IT and healthcare,” Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers, stated.
The rupee slipped by 9 paise to shut at 74.24 (provisional) towards the US greenback.
Elsewhere in Asia, bourses in Shanghai and Tokyo ended up, whereas Hong Kong and Seoul closed within the pink. Stock exchanges in Europe had been buying and selling with positive factors in mid-session offers.

Meanwhile, worldwide oil benchmark Brent crude slipped 0.26 per cent to USD 85.84 per barrel.
Foreign institutional traders (FIIs) had been internet sellers within the capital market, as they bought shares price Rs 1,598.20 crore on Friday, in accordance with inventory change information.