Market snaps 5-day losing streak led by realty, banking and metal
At close, the Sensex was up 498.58 points or 0.64% at 78,540.17, and the Nifty was up 165.95 points or 0.70% at 23,753.45.
Tracking positive Asian and European equity markets, domestic bourses extended last week’s gains and closed Monday’s trading session on a higher note.
The NSE Nifty ended at record-closing high, up 69 points or 0.75 per cent at 9243. The BSE Sensex closed 290 points or 0.98 per cent higher at 29,910.
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In the broader markets, BSE Midcap and BSE Smallcap indices jumped 0.7 per cent and 1.3 per cent respectively.
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Among the BSE sectoral indices, Capital Goods index closed with the biggest gain, up 3.5 per cent. Healthcare (up 1.1 per cent), Oil & Gas (up 0.8 per cent), Consumer Durables (up 0.6 per cent) and Power (up 0.5 per cent) indices were other notable gainers. Teck and IT indices declined 0.9 per cent and 0.8 per cent respectively.
On Friday The BSE Sensex has closed 27 points or 0.09 per cent down at 29,621 while the NSE Nifty had closed ended unchanged at 9,174.
Top gainers in the Sensex-30 pack: L&T (up 5.3 per cent), Reliance Industries (up 3.9 per cent), Dr Reddy’s Labs (up 3.9 per cent), ICICI Bank (up 3.5 per cent) and Gail (up 2.5 per cent).
Top losers in the Sensex-30 pack: Bharti Airtel (down 2.4 per cent), Wipro (down 1.4 per cent), Infosys (down 1.1 per cent), Bajaj Auto (down 0.9 per cent) and NTPC (down 0.8 per cent).
Asian markets were registered gains, Japan’s Nikkei 225 Index gained 0.4 per cent, Singapore’s Straits Times Index rose 0.3 per cent, Hong Kong’s Hang Seng index surged 0.6 per cent, Korea’s KOSPI index increased 0.3 per cent and China’s Shanghai Composite Index jumped 0.5 per cent.
European markets opened in the positive zone, FTSE 100, CAC 40 and DAX indices gained between 0.1-0.4 per cent each.
Back home the Rupee was trading eight paise down at 65.17 against the US Dollar.
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