NTPC was the top gainer in the Sensex pack, followed by Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr Reddy’s and Tata Steel.
Breaking its four-session losing streak, equity benchmark Sensex jumped 534 points on Monday led by gains in index heavyweights Reliance Industries, Infosys and ICICI Bank.
The 30-share BSE index ended 533.74 points or 0.91% higher at 59,299.32. Similarly, the NSE Nifty rose 159.20 points or 0.91% to 17,691.25.
NTPC was the top gainer in the Sensex pack, rising nearly 4%, followed by Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr Reddy’s and Tata Steel.
On the other hand, Bajaj Auto, HUL, Nestle India, Kotak Bank and Titan were among the laggards.
Head of Research at LKP Securities S. “As we approach the earnings season, the indices remained bullish throughout the day led by metal and PSU names and the market showed positive momentum in midcaps and smallcaps,” Ranganathan said.
Expectations of privatization on some metal names pushed up 3% on the metals index, even as select pharmaceutical and specialty chemical stocks saw good buying, he said, adding that nearly a dozen companies went public this month. Likely to be available, aiming for more than ₹. 200 billion.
Elsewhere in Asia, shares in Hong Kong and Tokyo ended with heavy losses, while Shanghai and Seoul remained closed for the holidays.
Stock exchanges in Europe were trading flat in mid-session deals.
Meanwhile, international oil benchmark Brent crude fell 0.13% to $79.38 a barrel.
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