MUMBAI: Equity benchmark Sensex rose 478 points on Monday following gains in major indices HDFC, Infosys and Kotak Bank despite a negative trend in global markets.
After a volatile session, the 30-share index ended up 477.99 points or 0.80 per cent at 60,545.61. Similarly, the Nifty rose 151.75 points or 0.85 per cent to reach 18,068.55.
Titan was the top gainer in the Sensex pack, rising over 4 per cent, led by UltraTech Cement, Bajaj Finserv, Tech Mahindra, Kotak Bank and HDFC.
IndusInd Bank, on the other hand, was top of the Sensex pack, tanking over 10 per cent in May after the lender disbursed 84,000 loans without customer consent due to a “technical glitch”.
M&M, SBI, Maruti, Asian Paints and TCS also fell behind.
Narendra Solanki, Head of Equity Research (Fundamentals), Anand Rathi said that the Indian market opened with a mixed trend following cues from the mixed Asian market.
During the afternoon session, the market erased early losses and traded in the green, he said, adding that traders backed the statement of industry body PHDCCI that due to the rapid progress in the recent months of immunization, festive season in India. economic recovery has accelerated. Resultant improvement in consumer and industry sentiments.
Elsewhere in Asia, shares in Hong Kong, Tokyo and Seoul ended with losses, while Shanghai was positive. Stock exchanges in Europe were trading largely in the red in mid-session deals. Meanwhile, international oil benchmark Brent crude rose 1.15 per cent to $83.69 per barrel.
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