Investors and brokers react as they watch the inventory costs on a digital display screen. File
| Photo Credit: PTI
Equity benchmarks Sensex and Nifty rallied for a third straight session on Monday, closing larger by nearly 1% on features in IT, non-public banks and capital items shares amid beneficial developments in world markets.
The 30-share BSE Sensex jumped 594.91 factors or 0.92% to settle at 64,958.69. During the day, it rallied 628.76 factors or 0.97% to 64,992.54.
The broader Nifty of the National Stock Exchange climbed 181.15 factors or 0.94% to 19,411.75.
Among the Sensex companies, Larsen & Toubro, Axis Bank, Tata Steel, Bajaj Finance, Power Grid, Asian Paints, Mahindra & Mahindra and Bajaj Finserv have been the greatest gainers.
State Bank of India, Hindustan Unilever, Tata Motors and Titan have been the laggards.
“Optimism continued as soft U.S. payroll data and expectations of moderation in monetary tightening by the Fed supported the sentiment. Since most of the headwinds are global in nature, investor sentiment has shifted to domestic-oriented businesses, where festive demand is healthy,” stated Vinod Nair, Head of Research at Geojit Financial Services.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the inexperienced.
European markets have been buying and selling decrease. The U.S. markets ended in constructive territory on Friday.
Global oil benchmark Brent crude climbed 1.35% to $86.04 a barrel.
Foreign institutional buyers (FIIs) offloaded equities price ₹12.43 crore on Friday, in keeping with trade information.
On Friday, the BSE benchmark climbed 282.88 factors or 0.44% to settle at 64,363.78 whereas the Nifty superior 97.35 factors or 0.51% to 19,230.60.
