Mumbai: Equity benchmark Sensex closed 296 points higher on Monday, tracking gains in major indices ICICI Bank, HDFC Twins and Tech Mahindra amid a positive trend in global markets.
After rebounding over 960 points from the day’s low during the session, the 30-share index ended up 295.93 points, or 0.52 per cent, at 57,420.24. Similarly, the Nifty closed at 17,086.25 with a gain of 82.50 points or 0.49 per cent.
Dr Reddy’s, PowerGrid, Kotak Bank, Sun Pharma, ICICI Bank and M&M were among the top gainers in the Sensex pack, with Tech Mahindra rising over 3 per cent.
On the other hand, IndusInd Bank, Asian Paints, Maruti and Bharti Airtel were among the laggards.
Indian markets opened in the red in mixed Asian market cues as investors track the impact of the Omicron variant amid holiday-thin trading. Narendra Solanki, Head – Equity Research (Fundamentals), Anand Rathi said.
During the afternoon session, the market turned back in the green showing a steady trade with recovery supported by healthcare, industry and capital goods stocks.
Traders were encouraged, as a member of the Reserve Bank’s Monetary Policy Committee (MPC), expressed hope that in a few quarters from now, capital investment would start in the old economy as well, and added that the next financial year is also a good one. Expect to see growth,? Solanki said.
Elsewhere in Asia, shares in Shanghai, Seoul and Tokyo ended in the red, while Hong Kong was positive. Stock exchanges in Europe were trading on a mixed note in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.01 per cent to $75.78 a barrel.
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