Indian Indices Continue Momentum; Sensex Ends 187 Points Higher

Extending gains to the fifth consecutive session, Indian share markets witnessed volatile trading activity throughout the day and ended higher.

Benchmark indices recouped all the losses during closing hours and ended on a positive note.

Sentiment got a boost after the Ministry of Finance asserted that "green shoots" have started to emerge in the domestic economy.

In its monthly macroeconomic report, the ministry highlighted that total digital retail financial transactions via NPCI platforms rose sharply from Rs 6.71 lakh crore in April to Rs 9.65 lakh crore in May.

The report also highlighted the jump in consumption in petroleum products and the increase in the total value of e-way bills.

At the closing bell, the BSE Sensex stood higher by 187 points (up 0.5%). The NSE Nifty closed higher by 36 points (up 0.3%).

The SGX Nifty was trading at 10,740, down by 7 points, at the time of writing.

Both, the BSE MidCap index and the BSE SmallCap index ended up by 0.6%.

On the sectoral front, gains were largely seen in the IT sector and finance sector.

Oil & Gas stocks, on the other hand, witnessed selling pressure.

Asian stock markets ended on a mixed note today. As of the most recent closing prices, the Hang Seng ended down by 1.4% and the Shanghai Composite stood higher by 0.4%. The Nikkei ended down by 0.5%.

US stocks rose sharply on Monday as a rebound in US services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.

The rupee is trading at 74.93 against the US$.

Gold prices are trading down by 0.2% at Rs 48,145 per 10 grams.

Speaking of the current stock market scenario, the last few months have witnessed the kind of shifts that most investors would recall as once in a lifetime.

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