Closing Bell: Sensex jumps 326 points, Nifty closes at 15,835
- Sensex added 326.84 points or 0.62% to settle at 53,234.77
- Nifty surged by 83.30 points or 0.53% to close at 15,835.35
- The rupee ettled on a flat note at 78.94 against the US dollar
Indian equity benchmarks ended higher with the Sensex climbing 326 points on Monday, following gains in global equity market and buying in index heavyweights such as ICICI Bank and Hindustan Unilever.
The BSE Sensex added 326.84 points or 0.62% to settle at 53,234.77. During the day, it jumped 394.06 points or 0.74% to 53,301.99. The NSE Nifty surged by 83.30 points or 0.53% to close at 15,835.35.
The broader indices ended in green with the BSE Mid cap index up by 0.82%, while Small cap index up by 0.59%. On the sectoral front, FMCG was up by 2.49%, Bankex was up by 1.08%, Capital Goods was up by 0.97%, Consumer Durables was up by 0.82% and Industrials was up by 0.74%, while Metal down by 1.49%, Energy down by 0.50%, Oil & Gas down by 0.46%, IT down by 0.42% and TECK down by 0.21% were the top losing indices on BSE.
Major gainers from the Sensex pack were Hindustan Unilever up by 4.03%, IndusInd Bank up by 2.95%, ITC up by 2.62%, ICICI Bank up by 2.25%, Power Grid Corp up by 2.15%, Axis Bank up by 1.44%, SBI up by 1.40%, Bharti Airtel up by 1.26%, HCL Tech up by 0.84% and Titan Company up by 0.84%.
Among the losers were TCS down by 2.46%, Tata Steel down by 2.15%, M&M down by 1.56%, Dr Reddy Labs down by 1.12%, Tech Mahindra down by 1.01% and Wipro down by 0.32%.
The rupee cuts its early losses and settled on a flat note at 78.94 against the US dollar.
European stock exchanges were trading in the positive zone in mid-session deals. The US markets were closed for a holiday.
"As we step towards the new earnings season, the prime focus of the market will turn towards quarterly numbers and updated guidance for the new financial year," said Vinod Nair, Head of Research at Geojit Financial Services.
Brent crude, international oil benchmark dipped 0.50% to $111 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,324.74 crore on Friday.