Highlight
- BSE gauge climbed 465.14 points or 0.80 per cent to end at 58,853.07
- The broader NSE Nifty rose 127.60 points or 0.73 per cent to end at 17,525.10
- Mahindra & Mahindra was the biggest gainer from the Sensex pack
Equity benchmark Sensex on Monday jumped 465 points, tracking gains in index majors HDFC Twins and Reliance Industries amid positive global market trends.
The 30-share BSE gauge closed at 58,853.07, up 465.14 points, or 0.80 per cent. During the day, it was up 546.97 points or 0.93 per cent at 58,934.90. The broader NSE Nifty closed 127.60 points or 0.73 per cent higher at 17,525.10.
Mahindra & Mahindra was the biggest gainer on the Sensex pack, rising 3.13 per cent, followed by Bajaj Finserv, NTPC, Axis Bank, HDFC Bank, Larsen & Toubro, HDFC, Dr Reddy’s, IndusInd Bank and Reliance Industries. State Bank of India, UltraTech Cement, Nestle, Wipro and Power Grid were among the major laggards.
In Asia, markets in Seoul, Shanghai and Tokyo ended higher, while Hong Kong closed with losses. European stocks were trading in the green during mid-session deals. US markets mostly closed at lower levels on Friday.
Meanwhile, international oil benchmark Brent crude fell 0.68 per cent to $94.32 a barrel. Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 1,605.81 crore on Friday, according to exchange data.
Vinod Nair, Head of Research, said, “Continuous FII buying and falling oil prices are the key drivers for the market rally. Heavyweights played a key role in today’s growth, while PSU banks remained under pressure.” Geojit Financial Services.
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