Sensex rallies over 500 points ahead of GDP data; Nifty ends above 15,550

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Equity benchmark Sensex rallied round 515 points on Monday whereas the NSE Nifty closed at a recent peak, led by positive factors in RIL, ICICI Bank and HDFC Bank amid a combined development in international markets.

A gradual decline in every day COVID-19 caseload additionally strengthened investor sentiment, brokers mentioned.

The 30-share BSE Sensex ended 514.56 points or 1.00 % increased at 51,937.44, and the broader NSE Nifty surged 147.15 points or 0.95 % to its recent closing report of 15,582.80.

Reliance was the highest gainer within the Sensex pack, surging over 3 %, adopted by ICICI Bank, Bharti Airtel, Dr Reddy, Maruti and ITC.

On the opposite hand, M&M, Infosys, IndusInd Bank, L&T, and Sun Pharma had been among the many laggards.

Elsewhere in Asia, bourses in Shanghai and Seoul ended on a optimistic be aware, whereas Hong Kong and Tokyo had been within the crimson.

Equities in Europe had been buying and selling on a combined be aware in mid-session offers.

India reported the bottom every day new coronavirus infections in 50 days with 1,52,734 circumstances, taking the tally to 2,80,47,534 on Monday, whereas the energetic caseload declined to twenty,26,092, the Health Ministry mentioned.

Meanwhile, worldwide oil benchmark Brent crude surged 1.08 % to commerce at USD 69.46 per barrel.

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