Indian stock market extends gains to the second day 

The Indian stock market started the second trading day of the week with solid gains. Sensex opened above 52,000 with an increase of 130.07 points. At the beginning of trading, Nifty showed a rise of 46.85 points. Shares of PNB Housing Finance jumped by 20%.

Earlier on Monday, the markets closed with a significant rise. The Sensex closed at 51,937.44, up 514.56 points. Similarly, the Nifty was up 147.15 points at 15,582.80.

However, there is selling pressure in the market too. Nifty is under tension. ICICI Bank, Infosys, Tata Steel, TCS, and Axis Bank are seeing declines. On the other hand, the benchmark index of NSE is getting support from buying in the shares of RIL, HDFC, L&T, Bajaj Finance, and SBI.

Selling pressure is high in small and medium stocks. There is a weakness of about 0.40% in the Nifty Mid Cap and 0.65% in the Small Cap Index. The metal index of Nifty decreased by almost 2%. IT, bank, and realty index have also seen declines. The market is getting support from energy and auto indices.

The top gainers of Nifty 500 include JTEK India, Gujarat Fluorochem, and Dish TV, apart from PNB Housing Finance. Stocks of Future Consumer, Ingersoll Rand, Jamna Auto, SAIL, and UCO Bank are selling heavily.

Quarterly results to be published today

Quarterly financial results of several companies will be published today. These are Balrampur Chini, Emami Paper, Gujarat Gas, ITC. According to Marketsmojo, an independent equity research website, nearly two-thirds of the companies have had a strong trend since they reported their results this season. Shares of 12% companies have fallen after the results, while 23% have been running flat. 

Among the top 100 stocks of Nifty, the shares of Wipro and SBI have made 52-week highs today.