Stock Market Today: Sensex gains more than 100 points, Nifty touches 18300, PowerGrid and ITC leading index gainers

Stock Market Today: The synchronised rate increases by the world's top central banks and their hawkish rhetoric affected market emotions last week, causing the Nifty to close below the area's immediate support level of 18400. While the market may continue to be affected by this risk-off, there are also positive triggers, such as the U.S. inflation rate's steady decline and the expectation that the Fed will respond by pausing rate increases in early 2023. Consequently, it is expected that market patterns will fluctuate like the World Cup finals. Leading indicators suggest that the Indian economy is robust. The Bank Index may benefit from the continued strength of credit expansion. On falls, investors can purchase high-quality bank stocks. IT may show weakness on fears of a US recession but this weakness can be an opportunity for long-term investors. Capital goods segment is on a strong wicket.

Tokyo stocks open lower on fears of global slowdown

On Monday, Tokyo markets started down as Wall Street fell due to fresh concerns about a worldwide slowdown. The broad Topix index was down 0.54 percent, or 10.60 points, at 1939.61, while the benchmark Nikkei 225 index was down 0.78 percent, or 214.14 points, at 27312.98.

Oil climbs on optimism over China's demand recovery

As optimism from China's reopening and a resurgence in oil demand overshadowed worries of a global recession, oil prices recovered ground on Monday after dropping more than $2 per barrel in the previous session. By 01:03 GMT, Brent crude futures were up 72 cents, or 0.9%, to $79.76 per barrel, while U.S. West Texas Intermediate crude was up 60 cents, or 0.8%, to $74.89 per barrel.

Stock Market Today: Rupee closes flat at 82.75

In response to worries about rising interest rates and inflation, the rupee partially recovered from its early losses on Friday to close nearly flat at 82.75 against the US dollar.

Sensex, Nifty on Friday

The 30-share Sensex finished at 61338 down 461 points, while its larger peer Nifty 50 finished at 18250.

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