Nifty ends below 7550, Sensex ends with gains

New Delhi: The market on Monday ended up 86.29 points or 0.3 percent at 24804.28, and the Nifty was up 28.55 points or 0.4 percent at 7538.75.

Shares such as ICICI Bank, Tata Motors, BHEL, Hindalco and ONGC were among the top gainers while Coal India, TCS, Sun Pharma and L&T were losers in the Sensex.

Due to the recent volatility in Asian markets, some factors are supporting the region’s equities, global brokerage major HSBC has said noting that it is ‘cautious’ and ‘underweight’ on India.

The global financial services major which is “overweight” on China said factors like stronger Asian currencies and better prospects for earnings growth are supporting the Asian equities.

The global brokerage firm said though the recent Budget created some optimism in markets as the government stuck to its fiscal consolidation roadmap, but was apprehensive about the quality of fiscal consolidation. (ANI)