CLOSING BELL
Inventory market highlights: Driving on an upbeat world momentum, benchmark indices surged over 1 per cent larger on Monday, led by almost broad-based shopping for. The S&P BSE Sensex jumped 760 factors to finish at 54,521 degree whereas the Nifty closed at 16,279, up 229 factors.
The frontline indices climbed on the again of beneficial properties in Infosys, ICICI Financial institution, Kotak Financial institution, TCS, Axis Financial institution, L&T, SBI, and Reliance Industries. All these index heavyweights rallied between 0.85 per cent and 4.5 per cent. Individually, Tech M, Bajaj twins, Wipro, Ultratech Cement, Tata Metal, Titan, and Asian Paints had been the opposite gainers rising as much as 3.5 per cent.
On the draw back, Dr Reddy’s Labs, HDFC Financial institution, HUL, Nestle, M&M, Maruti Suzuki, and HDFC had been the laggards, down within the vary of 0.5 per cent to 1.7 per cent.
In the meantime, within the broader market, Cholamandalam Finance, Shriram Transport Finance, Voltas, RBL Financial institution, Mindtree, Fast Heal, Vardhaman Textiles, and AP Tech lifted the BSE MidCap and SmallCap indices 1.5 per cent and 1.4 per cent larger, respectively.
Sectorally, all of the indices, besides the Nifty Pharma index, settled within the optimistic territory. The Nifty IT index superior over 3 per cent, adopted by the Nifty PSB index (up 3 per cent), and the Nifty Steel index (2.5 per cent). The Pharma index, meanwhiole, eased 0.14 per cent.
International cues
In Asia-Pacific on Monday, Hong Kong’s Grasp Seng jumped greater than 2 per cent, whereas US inventory index futures had been 1 per cent larger after a optimistic finish to final week.