Despite a bullish trend in the global markets, equity indexes (both Sensex and Nifty 50) saw a four-day losing streak come to an end on Monday with a surge of more than 1%.
The benchmark 30-share BSE index increased 721.13 points or 1.20 percent to close at 60,566.42. It increased by 988.49 points, or 1.65%, throughout the day to reach 60,833.78. Similar to this, the NSE Nifty, which is more inclusive, increased by 207.80 points or 1.17 percent to close at 18,014.60.
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State Bank of India, IndusInd Bank, Bajaj Finserv, Tata Steel, ITC, Axis Bank, HDFC Bank, UltraTech Cement, NTPC, and Tata Motors were among the top gainers from the Sensex pack. Laggards included Nestle, Kotak Mahindra Bank, Bharti Airtel, HCL Technologies, and Hindustan Unilever.
Equity markets in Seoul, Tokyo, and Shanghai concluded in the black elsewhere in Asia. The US stock markets closed higher on Friday. Benchmark Brent crude for international oil prices increased 3.63 percent to USD 83.92 per barrel. According to exchange data, foreign institutional investors (FIIs) sold shares on Friday totaling a net of $706.84 crore.
