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Sensex climbs 534 points; Nifty 17,700. close to

MUMBAI: Breaking its loss-making sequence of four sessions, equity benchmark Sensex climbed 534 points on Monday led by gains in index heavyweights Reliance Industries, Infosys and ICICI Bank.

The BSE 30-share index closed 533.74 points or 0.91 per cent higher at 59,299.32. Similarly, the NSE Nifty rose 159.20 points or 0.91 per cent to 17,691.25.

NTPC was the top gainer in the Sensex pack, rising 4 per cent, followed by Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr Reddy’s and Tata Steel.

On the other hand, Bajaj Auto, HUL, Nestle India, Kotak Bank and Titan were among the laggards.

S Ranganathan, Head of Research, LKP Securities said, “As we approach the earnings season, the indices remained bullish throughout the day led by metal and PSU names and the market breadth showing positive momentum in midcap and smallcap. Is.”

The metal index rose 3 per cent on hopes of privatization on some metal names, though there was good buying in select pharmaceutical and specialty chemical stocks, he said, adding that around a dozen companies are likely to go public this month, Which is the goal of greater. 200 billion Rs.

Elsewhere in Asia, shares in Hong Kong and Tokyo ended with heavy losses, while Shanghai and Seoul remained closed for the holidays.

Stock exchanges in Europe were trading flat in mid-session deals.

Meanwhile, international oil benchmark Brent crude fell 0.13 per cent to $79.38 per barrel.

By Naveen Bharat Staff

 

 

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