Mumbai: Equity Benchmark Sensex Index majors ended 296 points higher on Monday, tracking gains in ICICI Bank, HDFC Twins and Tech Mahindra Amid a largely 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.
Tech Mahindra was the top gainer in the Sensex pack, rising over 3 per cent, followed by Dr Reddy’s. power grid, Kotak Bank, Sun Pharma, ICICI Bank and M&M.
On the other hand, IndusInd Bank, Asian Paints, Maruti and Bharti Airtel belonged to the backwards.
“Indian markets open in red tracking mixed Asian market cues as investors track its impact omicron Variant amid holiday-thin trading,” said Narendra Solanki, Head- Equity Research (Fundamentals), Anand Rathi.
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 promoted as members of the Monetary Policy Committee (MPC) Reserve bank Expressed hope that in a few quarters from now, capital infusion will start in the old economy as well, and is expected to see good growth in the next financial year as well,” 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.
Tech Mahindra was the top gainer in the Sensex pack, rising over 3 per cent, followed by Dr Reddy’s. power grid, Kotak Bank, Sun Pharma, ICICI Bank and M&M.
On the other hand, IndusInd Bank, Asian Paints, Maruti and Bharti Airtel belonged to the backwards.
“Indian markets open in red tracking mixed Asian market cues as investors track its impact omicron Variant amid holiday-thin trading,” said Narendra Solanki, Head- Equity Research (Fundamentals), Anand Rathi.
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 promoted as members of the Monetary Policy Committee (MPC) Reserve bank Expressed hope that in a few quarters from now, capital infusion will start in the old economy as well, and is expected to see good growth in the next financial year as well,” 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.
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