New Delhi: Equity indices rose on Monday with benchmark BSE Sensex Banking, financial and realty stocks rose nearly 400 points, led by gains in banking, financial and realty stocks.
The BSE 30-share index jumped 395 points, or 0.75 per cent, to end at 52,800; while the broad NSE Nifty It closed 112 points or 0.71 per cent higher at 15,834.
Top gainers in the Sensex pack included State Bank of India (SBI), Tata Steel, Bajaj Finserv, L&T, Axis Bank and Bajaj Finance, with their shares rising 2.16 per cent.
Tech Mahindra, Dr Reddy’s, HCL Tech, Titan and Bharti Airtel fell up to 1.51 per cent.
On the NSE platform, the sub-indices of Nifty Realty, Bank and Financial Services rose up to 2.73 per cent.
According to experts, the availability of more COVID-19 vaccines raised hopes of a sustained economic recovery, with investors expecting a strong corporate earnings season later this week.
“IT results are expected to be positive and good June auto sales numbers could provide a substantial positive trigger,” Narendra Solanki, head of equity research at Anand Rathi Investment Services, told Reuters news agency.
The steady decline in COVID-19 cases, easing of restrictions due to the pandemic and increase in daily vaccinations have boosted the sentiment so far.
Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 982.80 crore on Friday, according to provisional exchange data.
(with inputs from agencies)
The BSE 30-share index jumped 395 points, or 0.75 per cent, to end at 52,800; while the broad NSE Nifty It closed 112 points or 0.71 per cent higher at 15,834.
Top gainers in the Sensex pack included State Bank of India (SBI), Tata Steel, Bajaj Finserv, L&T, Axis Bank and Bajaj Finance, with their shares rising 2.16 per cent.
Tech Mahindra, Dr Reddy’s, HCL Tech, Titan and Bharti Airtel fell up to 1.51 per cent.
On the NSE platform, the sub-indices of Nifty Realty, Bank and Financial Services rose up to 2.73 per cent.
According to experts, the availability of more COVID-19 vaccines raised hopes of a sustained economic recovery, with investors expecting a strong corporate earnings season later this week.
“IT results are expected to be positive and good June auto sales numbers could provide a substantial positive trigger,” Narendra Solanki, head of equity research at Anand Rathi Investment Services, told Reuters news agency.
The steady decline in COVID-19 cases, easing of restrictions due to the pandemic and increase in daily vaccinations have boosted the sentiment so far.
Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 982.80 crore on Friday, according to provisional exchange data.
(with inputs from agencies)
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