Extending their rally to a third straight day, benchmark indices Sensex and Nifty jumped nearly 2 per cent on Monday on heavy buying in Reliance Industries and Infosys amid a firm trend in global equities.
The 30-share BSE Sensex rallied 1,041.08 points or 1.90% to settle at 55,925.74. During the day, it gained 1,197.99 points or 2.18% to 56,082.65.
The broader NSE Nifty jumped 308.95 points or 1.89% to settle at 16,661.40.
From the Sensex pack, Titan, M&M, Infosys, Larsen & Toubro, Tech Mahindra, HCL Technologies, TCS, Reliance Industries and UltraTech Cement were the leading gainers.
In contrast, Kotak Mahindra Bank, Sun Pharma, Dr Reddy’s and ITC were the laggards.
Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong settled with gains after China eased COVID-19 curbs on business activity in Shanghai and Beijing.
Markets in Europe were also trading in the green during the afternoon trade. Stock markets in the United States ended significantly higher on Friday.
The Sensex rallied 632.13 points or 1.17% to settle at 54,884.66 on Friday. The Nifty jumped 182.30 points or 1.13% to end at 16,352.45.
International oil benchmark Brent crude gained 0.43% to $119.9 per barrel.
Foreign institutional investors continued their selling spree as they offloaded shares worth ₹1,943.10 crore on Friday, according to stock exchange data.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
