IndusInd Bank, Infosys, Tech Mahindra, Bajaj Finserv, Axis Bank, UltraTech Cement, Kotak Mahindra Bank and ICICI Bank were the major gainers in Sensex.
IndusInd Bank, Infosys, Tech Mahindra, Bajaj Finserv, Axis Bank, UltraTech Cement, Kotak Mahindra Bank and ICICI Bank were the major gainers in Sensex.
Benchmark stock indices Sensex and Nifty closed on Monday after buying in IT, oil and gas and a firming global trend in banking stocks.
Rising for the second consecutive session, the 30-share BSE Sensex closed 760.37 points or 1.41% higher at 54,521.15. It rose 795.88 points or 1.48% to 53,760.78 during the day.
The broader NSE Nifty rose 229.30 points or 1.43% to 16,278.50 as its 41 constituents advanced.
IndusInd Bank, Infosys, Tech Mahindra, Bajaj Finserv, Axis Bank, UltraTech Cement, Kotak Mahindra Bank and ICICI Bank were the major gainers in Sensex.
Reddy’s Lab, HDFC Bank, Maruti, Mahindra & Mahindra, Nestle, Hindustan Unilever and HDFC were among the laggards.
“Indian markets opened on a positive note followed by positive overall Asian markets. Markets strengthened during the afternoon session as buying in IT, tech and capital goods stocks. Gains in frontline blue-chip stocks like Infosys, Tech Mahindra led It also helped lift the market,” said Narendra Solanki, Head Fundamental Research-Anand Rathi-Investment Services.
Meanwhile, international oil benchmark Brent crude jumped 2.18% to $103.4 per barrel.
In Asia, markets in Seoul, Shanghai and Hong Kong closed higher.
European markets were trading in the green during mid-session deals. The US markets had closed sharply on Friday.
On Friday, the BSE barometer was up 344.63 points or 0.65% at 53,760.78 and the Nifty was up 110.55 points or 0.69% at 16,049.20.
Foreign institutional investors again went into sell mode as they offloaded 1,649.36 crore shares in the capital markets on Friday, according to exchange data.