Indian equity benchmarks ended higher with the Sensex
climbing 326 points on Monday, following gains in global equity market and buying
in index heavyweights such as ICICI Bank and Hindustan Unilever.

The BSE Sensex added 326.84 points or 0.62% to settle at 53,234.77.
During the day, it jumped 394.06 points or 0.74% to 53,301.99. The NSE Nifty surged
by 83.30 points or 0.53% to close at 15,835.35.

Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022

The broader indices ended in green with the BSE Mid cap
index up by 0.82%, while Small cap index up by 0.59%. On the sectoral front, FMCG
was up by 2.49%, Bankex was up by 1.08%, Capital Goods was up by 0.97%,
Consumer Durables was up by 0.82% and Industrials was up by 0.74%, while Metal
down by 1.49%, Energy down by 0.50%, Oil & Gas down by 0.46%, IT down by
0.42% and TECK down by 0.21% were the top losing indices on BSE.

Also Read | Crypto news daily: Bitcoin data and price analysis for July 4, 2022

Major gainers from the Sensex pack were Hindustan Unilever
up by 4.03%, IndusInd Bank up by 2.95%, ITC up by 2.62%, ICICI Bank up by
2.25%, Power Grid Corp up by 2.15%, Axis Bank up by 1.44%, SBI up by 1.40%, Bharti
Airtel up by 1.26%, HCL Tech up by 0.84% and Titan Company up by 0.84%.

Also Read | Customer shocks internet by comparing online food bill to offline order

Among the losers were TCS down by 2.46%, Tata Steel down by
2.15%, M&M down by 1.56%, Dr Reddy Labs down by 1.12%, Tech Mahindra down
by 1.01% and Wipro down by 0.32%.

The rupee cuts its early losses and settled on a flat note at 78.94 against the US dollar.

Also Read | Gold, silver and other metal prices on Monday, July 4, 2022

Among the Asian markets, Tokyo and Shanghai ended in the
green, while Seoul and Hong Kong settled lower.

European stock exchanges were trading in the positive zone
in mid-session deals. The US markets were closed for a holiday.

Also Read | Top 5 cryptocurrencies of the day: BTC up, Terra Classic trends at no. 1

“As we step towards the new earnings season, the prime
focus of the market will turn towards quarterly numbers and updated guidance
for the new financial year,” said Vinod Nair, Head of Research at Geojit
Financial Services.

Brent crude, international oil benchmark dipped 0.50% to $111 per barrel.

Also Read | Explained: Why are tech companies laying off thousands of employees

According to stock exchange data, foreign institutional investors
(FIIs) remained net sellers in the capital market, as they sold shares worth Rs
2,324.74 crore on Friday.