Stock market Closing Updates: On Monday, benchmark indexes traded in a constrained range as investors anticipated the decisions of important central banks, including the US Federal Reserve, which are scheduled for release later this week.
The BSE Sensex finished the day up 300 points, or 0.51 percent, at 59,141. On the other hand, the NSE Nifty settled at 17,622, up 91 points or 0.52 percent.
On today's frontline indices, gainers outweighed losers, with Mahindra and Mahindra, Bajaj Finance, SBI Life, Adani Ports, Hindustan Unilever, Bajaj Finserv, Nestle India, UPL, Eicher Motors, HDFC, Divis Labs, SBI, ITC, Maruti Suzuki, Axis Bank, and Infosys leading the way. These equities all saw gains ranging from 1 percent to 3 percent.
Tata Steel, NTPC, ICICI Bank, Power Grid, Kotak Bank, Asian Paints, and L&T were the biggest laggards on the negative side, falling up to 2.4 percent.
The BSE MidCap and SmallCap indices each fell 0.16 percent today, while the wider indices underperformed. Sectorally, the Nifty Metal and Realty indices both ended the day down between 0.5 and 0.9 percent. The Nifty PSU Bank index, meanwhile, increased by 2 percent, and the Nifty FMCG and Auto indices both increased by 1 percent.
International Markets: Major European markets kept trading in the red on Monday. In early morning trading, the DAX in Germany was down 0.3 percent, the CAC 40 in France was down 0.85 percent, and the FTSE MIB in Italy was down roughly 0.7 percent. Spanish stock index IBEX 35 was down 0.2 percent. Monday is a holiday in the UK to observe Queen Elizabeth II's funeral.
On Monday, shares in the Asia-Pacific region also decreased by more than 1 percent, and US futures were marginally lower.