Closing Bell: Sensex gains 465 points, Nifty up 127 points
- Sensex climbed 465.14 points or 0.80% to finish at 58,853.07
- Nifty gained 127.60 points or 0.73% to end at 17,525.10
- The rupee depreciated 40 paise to close at 79.64 against the US dollar
The Sensex climbed 465.14 points or 0.80% to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93% to 58,934.90. The Nifty gained 127.60 points or 0.73% to end at 17,525.10.
The broader indices ended in green with the BSE Midcap index up by 0.31%, while the Small cap index was up by 0.28%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.00%, Power up by 1.92%, Utilities up by 1.61%, Metal up by 1.27% and Industrials up by 1.11%, while Oil & Gas down by 0.03% was the only losing index on BSE.
Top gainers from the Sensex pack were Bajaj Finserv up by 3.06%, M&M up by 3.06%, HDFC Bank down by 2.43%, Axis Bank up by 2.33%, NTPC up by 2.18%, Larsen and Toubro up by 2.16%, HDFC up by 1.71%, Dr Reddy’s Labs up by 1.68%, IndusInd Bank up by 1.39% and Reliance up by 1.28%.
Among the laggards were Nestle down by 1.76%, SBI down by 1.73%, UltraTech Cement down by 1.41%, Power Grid Corp down by 0.92%, Wipro down by 0.90% and Sun Pharma down by 0.64%.
"Sustained FII buying and falling oil prices are the major drivers for the ongoing market rally. Heavyweights played a significant role in today's rise, while PSU banks remained under pressure following weak results of the PSB major," said Vinod Nair, Head of Research at Geojit Financial Services.
The rupee depreciated 40 paise to close at 79.64 against the US dollar on Monday amid waning risk appetite among investors.
European stock markets were trading in the green during mid-session deals. The US stock markets had settled mostly lower on Friday.
Brent crude, the international oil benchmark declined 0.68% to $94.32 per barrel.
According to stock exchange data, foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 1,605.81 crore on Friday.