Know how the Markets opened today

The Nifty had a modestly positive start on Monday as traders opened the new month on the front foot, bidding up select auto stocks on the back of strong monthly sales. A fresh settlement on the futures and options space also took deeper root.

The Nifty rose 14 points to 8,547 points in early deals. The Advance-Decline Ratio was at 31/19 with Bank of Baroda, Punjab National Bank and State Bank of India taking the first three top spots on the Nifty's gainers list. On the losers' side of the index were HCL Tech, which traders hammered after first quarter performance disappointed.

The Bank Nifty lead the market higher with most constituents posting smart gains. The CNX Midcap Index and the CNX Junior Nifty Index were up robustly in trade as well. The CNX Media Index was the top gainer within the sectoral space, thanks to a strong uptick on Sun TV Network.

And on the Bombay Stock Exchange, the Sensex added 34 points to 28,148 points in early morning deals on Monday. As a consequence, the Advance-Decline Ratio stood at 16/14. SBI, ICICI Bank and Maruti lead gainers on the Sensex, while Hero Motors, L&T and ONGC were at the bottom of the heap on the Index.

The markets were equally bullish in the futures and options space with Sun TV, Bank of Baroda and JP Associates being on top of the gainers’ list versus Adani Enterprises, TVS Motor and Jindal Steel that fell. The Advance-Decline Ratio, meanwhile, stood at 105/54.

The broader market, too, showed the dominance of bulls with 1,254 shares gaining ground compared with 465 that lost.

Image credit: Indiatimes