Mumbai: People pass by the Bombay Stock Exchange (BSE) building
Highlight
- Equity benchmarks extended their rally on Monday, with the Sensex jumping over 693 points.
- It was helped by heavy buying in major indices Reliance Industries and Infosys.
- In contrast, Dr. Reddy’s was the only laggard from the 30-share pack.
Equity benchmarks extended their rally on Monday, with the Sensex jumping over 693 points in early trade, helped by heavy buying in index majors Reliance Industries and Infosys amid a firming trend in Asian equities. The 30-share BSE Sensex closed 693.56 points higher at 55,578.22 in early trade. The broader NSE Nifty jumped 213.75 points to 16,566.20.
Leading the Sensex pack, Infosys, Titan, HCL Technologies, Larsen & Toubro, Reliance Industries, UltraTech Cement, Wipro, TCS and HDFC were the major gainers in early trade.
In contrast, Dr. Reddy’s was the only laggard from the 30-share pack. Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong were trading in the green. America’s stock markets closed with great gains on Friday.
“Asian markets are trading on the positive side as investors are following the trends in US markets,” said Mohit Nigam, PMS Head, Hem Securities.
On Friday, the Sensex closed 632.13 points or 1.17 per cent higher at 54,884.66. The Nifty jumped 182.30 points or 1.13 per cent to end at 16,352.45.
International oil benchmark Brent crude rose 0.48 per cent to $120 a barrel. Foreign institutional investors continued their sell-off on Friday with shares worth Rs 1,943.10 crore, according to stock exchange data.
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