New Delhi: Equity indices jumped for the fifth consecutive session on Monday along with benchmark BSE Sensex Gains in banking, financial stocks led by over 900 points.
The 30-share BSE index closed 936 points or 1.68 per cent higher at 56,486; while, broad NSE Nifty It closed 241 points or 1.45 per cent higher at 16,871.
Top gainers in the Sensex pack included Infosys, HDFC Bank, SBI, Maruti and Axis Bank, with their shares rising as much as 3.76 per cent.
HUL, Sun Pharma, Dr Reddy’s and Tata Steel fell up to 1.66 per cent.
Nifty Media, Bank, Financial Services and IT sub-index rose up to 2.45 per cent on the NSE platform.
According to experts, markets rose since last week due to a fall in crude oil prices on hopes of progress in Russia-Ukraine peace talks.
Investors are also eyeing retail inflation data for the month of February, which is due to be released later in the day.
VK Vijayakumar, chief investment strategist at Geojit Financial Services, told Reuters news agency: “The fall in crude from recent highs indicates that higher inflation is not expected.”
Among individual stocks, digital payments company Paytm closed 12.84 per cent lower at Rs 675 after the central bank barred Paytm Payments Bank from taking on new customers and ordered a comprehensive audit of its IT systems.
Jubilant Foodworks, the Indian franchise partner of Domino’s Pizza, fell up to 12.27 per cent on Friday after the company’s top boss resigned.
Most of the Asian stock markets remained firm while oil prices declined last week.
Investors are also waiting for the results of the US Federal Reserve on Wednesday as it is expected to hike interest rates.
Meanwhile, foreign institutional investors (FIIs) continued their sell-off in the Indian markets as they sold shares worth Rs 2,263.90 crore on a net basis on Friday, according to exchange data.
(with inputs from agencies)
The 30-share BSE index closed 936 points or 1.68 per cent higher at 56,486; while, broad NSE Nifty It closed 241 points or 1.45 per cent higher at 16,871.
Top gainers in the Sensex pack included Infosys, HDFC Bank, SBI, Maruti and Axis Bank, with their shares rising as much as 3.76 per cent.
HUL, Sun Pharma, Dr Reddy’s and Tata Steel fell up to 1.66 per cent.
Nifty Media, Bank, Financial Services and IT sub-index rose up to 2.45 per cent on the NSE platform.
According to experts, markets rose since last week due to a fall in crude oil prices on hopes of progress in Russia-Ukraine peace talks.
Investors are also eyeing retail inflation data for the month of February, which is due to be released later in the day.
VK Vijayakumar, chief investment strategist at Geojit Financial Services, told Reuters news agency: “The fall in crude from recent highs indicates that higher inflation is not expected.”
Among individual stocks, digital payments company Paytm closed 12.84 per cent lower at Rs 675 after the central bank barred Paytm Payments Bank from taking on new customers and ordered a comprehensive audit of its IT systems.
Jubilant Foodworks, the Indian franchise partner of Domino’s Pizza, fell up to 12.27 per cent on Friday after the company’s top boss resigned.
Most of the Asian stock markets remained firm while oil prices declined last week.
Investors are also waiting for the results of the US Federal Reserve on Wednesday as it is expected to hike interest rates.
Meanwhile, foreign institutional investors (FIIs) continued their sell-off in the Indian markets as they sold shares worth Rs 2,263.90 crore on a net basis on Friday, according to exchange data.
(with inputs from agencies)