State Bank of India was the top gainer in the Sensex pack, rising 4.38%, followed by Nestle India, NTPC, M&M, Maruti, L&T and Tech Mahindra.
State Bank of India was the top gainer in the Sensex pack, rising 4.38%, followed by Nestle India, NTPC, M&M, Maruti, L&T and Tech Mahindra.
Equity benchmark Sensex climbed 360 points to cross the 61,000-mark in early trade on Monday led by strong gains in banking, auto and financial stocks amid a firm trend in global markets.
Traders said a firming rupee and foreign fund inflows added to the momentum. The 30-share BSE index was trading 362.24 points or 0.59% higher at 61,312.60 in opening deals. Similarly, the broader NSE Nifty rose 104.55 points or 104.55% to 18,221.70.
State Bank of India was the top gainer in the Sensex pack, rising 4.38%, followed by Nestle India, NTPC, M&M, Maruti, L&T and Tech Mahindra.
State Bank of India on Saturday reported the highest quarterly profit of ₹13,265 crore for the September quarter of FY23, up 74% year-on-year, buoyed by strong loan sales, higher interest income and lower provisions.
On the other hand, Titan, Dr Reddy’s and Bajaj Finserv were the losers.
In the previous session, the 30-share index gained momentum as the session closed 113.95 points or 0.19% higher at 60,950.36. Similarly, the broader NSE Nifty rose 64.45 points or 0.36% to 18,117.15.
The rupee rose 13 paise to 82.20 against the US dollar in opening deals on Monday.
Foreign institutional investors (FIIs) were net buyers in the Indian capital market on Friday as they bought shares worth Rs 1,436.25 crore, according to exchange data.
International oil benchmark Brent crude was trading 1.19 per cent lower at $97.45 per barrel.
In Asian markets, shares of Tokyo, Shanghai, Hong Kong and Seoul were trading with gains.
Equities on Wall Street ended the previous session higher on Friday.
After pulling out funds in the last two months, foreign investors made a strong comeback in the first week of November and pumped in Rs 15,280 crore in Indian equities, on hopes that the US Federal Reserve will be soft on rate hikes.
In view of the adverse conditions in terms of monetary tightening and geopolitical concerns, foreign portfolio investor (FPI) inflows are expected to remain volatile, said Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities. , Told.
Meanwhile, Chief Economic Adviser V. Ananth Nageswaran has said that India is facing a global shock with a position of strength backed by better domestic, corporate and financial sector balance sheets and has a good medium-term growth outlook.