Among the key movers on the Sensex, Reliance Industries rose 3.29% as the war in Ukraine pushed up energy prices.
Among the key movers on the Sensex, Reliance Industries rose 3.29% as the war in Ukraine pushed up energy prices.
The benchmark BSE Sensex closed 389 points higher from opening low on Monday, supported by gains in index heavyweights Reliance Industries, ICICI Bank and Infosys.
The 30-share barometer closed at 56,247.28, up 388.76 points, or 0.70%.
After a weak start, the barometer fell over 1,025 points to the day’s low of 54,833.50, in line with weak global sentiment.
The National Stock Exchange’s Nifty jumped 135.50 points, or 0.81%, to end at 16,793.90.
33 Nifty stocks rose while 17 declined.
Among the major Sensex movers, Reliance Industries edged up 3.29% as the war in Ukraine pushed up energy prices.
Tata Steel emerged as the leading gainer among the Sensex stocks, up 6.61%.
Power Grid, Titan, NTPC, ICICI Bank, L&T, Infosys and Sun Pharma were among the gainers.
On the other hand, Dr Reddy’s was the biggest loser at 2.81%, followed by Axis Bank, M&M and HDFC Bank.
Meanwhile, Asian markets closed higher after recovering from early losses. Japan’s Nikkei 225 rose 0.2%, the Shanghai Composite Index rose 0.3% while the Kospi in Seoul rose 0.8 percent.
However, the Hang Seng in Hong Kong fell 0.2%.
On Monday, US benchmark crude rose 4.7% to $95.92 a barrel and Brent crude was up 4.5% to $98.32 a barrel.
Panicked by the Ukraine crisis, foreign institutional investors on Friday further sold shares worth Rs 4,470.70 crore in the Indian capital market.
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