Nifty trades above 18,600, Sensex up over 100 points

Equity benchmark indices trading firm in the late morning trade on Monday amid a surge in IT, realty and auto stocks. 

The Sensex was up 126 points or 0.20% at 62,752.17, and the Nifty was up 44 points or 0.24% at 18,607.65. About 2,082 shares advanced, 1,174 shares declined, and 126 shares were unchanged.

Nifty Midcap and Nifty Smallcap have surged by 0.32% and 0.69% respectively.

India VIX has surged by 2.43%.

On the sectoral front, Nifty Realty, Nifty Media and Nifty IT are among the top gainers while Nifty FMCG and Nifty Bank trade flat.

Among the Nifty 50 pack, HCL Tech, SBI Life and Infosys are among the top gainers and Titan, L&T and Asian Paints are among the top losers.

On the currency front, the Indian rupee rose 4 paise to $82.43 against the US dollar in early trade.

Besides, foreign institutional investors sold Rs 309 crore worth of Indian equities on a net basis, while domestic investors bought Rs 1,246 crore, as per provisional NSE data on Friday.

On the international front, Asian shares started tentatively on Monday with Japan's Nikkei rose 0.3%, while China stocks eased 0.28% whereas Hong Kong's Hang Seng Index fell 0.58%. Investors braced for central bank meetings from Europe, Japan and the United States this week, along with US inflation data that will likely influence the Federal Reserve's monetary policy path.

Source: Media reports

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