India VIX was up in the green.
(Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets started the day’s trade in the positive territory as benchmark indices soared higher. S&P BSE Sensex regained 59,000, gaining 0.60% on Monday morning while Nifty 50 touched 17,600 again. Bank Nifty was above 37,500 while broader markets were outperforming benchmarks. India VIX was also in the green, gaining 1%. NTPC was the best performing Sensex stock, up 1.4% followed by Mahindra & Mahindra, Dr Reddy’s and State Bank of India. On the other hand, Nestle India was down 0.6% as the top laggard, followed by Tata Steel, and HUL. 

Domestic stock markets are likely to keep eyes on global cues and the Reserve Bank of India’s Monetary Policy Committee (MPC) for this week’s momentum. The MPC will meet later this week starting October 6 and will end its deliberations on October 8. “The Central Bank is expected to maintain its accommodative stance to maintain adequate liquidity in the system and to support economic activity,” said Vinod Nair, Head of Research at Geojit Financial Services. Although US Federal Reserve has started the taper talk, RBI is not expected to move on expected lines soon. “Given that economic activity has not yet returned to pre-pandemic levels, the RBI is unlikely to remove the economy’s training wheels. Any deviation from this stance, however, may result in whipsaw movements,” said analysts at Samco Research.

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