Image Source : FILE Sensex, Nifty rebound over 1 computer amid rally in world markets
Mumbai: Equity benchmark BSE Sensex rebounded greater than 1 per cent whereas Nifty reclaimed the 18,200 degree on Monday, boosted by heavy shopping for in banking, monetary and auto shares amid a rally in world inventory markets. Besides, steady overseas fund inflows additional bolstered sentiment, merchants mentioned. The 30-share BSE Sensex rallied 709.96 factors or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 factors or 1.31 per cent to 61,854.19.
On related traces, the broader NSE Nifty climbed 195.40 factors or 1.08 per cent to finish at 18,264.40. Among the Sensex companies, IndusInd Bank jumped 5.08 per cent. The different winners had been Tata Motors, Bajaj Finance, Bajaj Finserv, NTPC, HCL Technologies, Mahindra & Mahindra, Axis Bank, Maruti and Kotak Mahindra Bank.
Value shopping for in index heavyweights Reliance, HDFC Bank and ICICI Bank added to the momentum. Sun Pharma, Larsen & Toubro and Nestle had been the laggards. In Asian markets, Seoul, Shanghai and Hong Kong ended with positive aspects, whereas Tokyo settled decrease. Markets in Europe had been buying and selling within the inexperienced. The US markets ended with vital positive aspects on Friday. Foreign Institutional Investors (FIIs) had been internet consumers on Friday as they purchased equities price Rs 777.68 crore, in accordance with trade knowledge.
Meanwhile, world oil benchmark Brent crude climbed 1.79 per cent to USD 76.65 per barrel. The rupee pared preliminary positive aspects to settle decrease by 2 paise at 81.80 (provisional) towards the US greenback on Monday. The BSE benchmark had tanked 694.96 factors or 1.13 per cent to settle at 61,054.29 on Friday. The Nifty fell 186.80 factors or 1.02 per cent to finish at 18,069.
Also Read: Biotech agency Twist Bioscience lays off 25% of workforce
Also Read: India’s gold imports dip 24 per cent to USD 35 billion in 2022-23
Latest Business News
Source: www.indiatvnews.com
