The benchmark BSE Sensex rose 941 points, while the NSE Nift closed above the 22,600 level on Monday on the back of buying in Mumbai, banking and infra stocks and a rise in global markets.
The 30-share BSE Sensex closed 941.12 points or 1.28 per cent higher at 74,671.28. 26 Sensex stocks closed in the green, while four declined. During the day, the Sensex rose 990.99 points or 1.34 per cent to hit an all-time high of 74,721.15.
NSE Nifty closed 223.45 points or 1 per cent higher at 22,643.40, with 32 components rising and 18 declining.ICICI Bank rose nearly 5 per cent in the Sensex basket after the ban and March quarter net profit rose 18.5 per cent to Rs 11,672. Crore, helped by lower provisions.
UltraTech Cement gained 2.7 per cent after the cement maker reported nearly 3 per cent rise in after-tax profit for the last quarter of 2023-24.
IndusInd Bank, State Bank of India, Axis Bank, Kotak Mahindra Bank, Tat Consultancy Services, Bajaj Finance and HDFC Bank were other major gainers.
HCL Technologies declined nearly 6 per cent after the company's net profit rose year-on-year to Rs 3,986 crore in the March quarter.ITC Wipro and Bajaj Finserv were other laggards.'' Indian benchmark indices rose on US tech quarterly earnings rise and decline in US 10-year yield. Domestically, Bank Nift outperformed its strong Q4 performance. "Market sentiment is expected to remain positive on the back of stable earnings," said Vinod Nair, head of research at Geojit Finance Services, as tensions eased in the Middle East.
SVP Ajit Mishra said, “The market started the week on a strong note and gained one per cent in line with the prevailing trend.Favorable global cues as well as notable gains in banking majors helped the positive opening. Which grew stronger as the day progressed.", Research, Religare Broking Limited.
In the broader market, the BSE Midcap gauge jumped 0.79 per cent and the SmallSEA index rose 0.07 per cent.Among the indices, bankex rose by 2.70 per cent, financial services by 1.81 per cent), utilities by 1.12 per cent, energy by 0.90 per cent and energy by 0.79 per cent.
Realty and services lagged behind.
A total of 2,015 shares advanced while 1,894 shares declined and 179 shares remained unchanged. Among Asian markets, Seoul, Shanghai and Hong Kong remained in the positive zone.
European markets were trading on a mixed note.Wall Street ended Friday with gains.
Global oil benchmark Brent crude fell 0.51 percent to US$89.04 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,408.8 crore on Friday. BSE benchmark Sensex closed 609.28 points or 0.82 per cent lower at 73,730.16 on Friday. NSE Nifty fell 150.40 points or 0.67 per cent to 22,419.95.
The 30-share BSE Sensex closed 941.12 points or 1.28 per cent higher at 74,671.28. 26 Sensex stocks closed in the green, while four declined. During the day, the Sensex rose 990.99 points or 1.34 per cent to hit an all-time high of 74,721.15.
NSE Nifty closed 223.45 points or 1 per cent higher at 22,643.40, with 32 components rising and 18 declining.ICICI Bank rose nearly 5 per cent in the Sensex basket after the ban and March quarter net profit rose 18.5 per cent to Rs 11,672. Crore, helped by lower provisions.
UltraTech Cement gained 2.7 per cent after the cement maker reported nearly 3 per cent rise in after-tax profit for the last quarter of 2023-24.
IndusInd Bank, State Bank of India, Axis Bank, Kotak Mahindra Bank, Tat Consultancy Services, Bajaj Finance and HDFC Bank were other major gainers.
HCL Technologies declined nearly 6 per cent after the company's net profit rose year-on-year to Rs 3,986 crore in the March quarter.ITC Wipro and Bajaj Finserv were other laggards.'' Indian benchmark indices rose on US tech quarterly earnings rise and decline in US 10-year yield. Domestically, Bank Nift outperformed its strong Q4 performance. "Market sentiment is expected to remain positive on the back of stable earnings," said Vinod Nair, head of research at Geojit Finance Services, as tensions eased in the Middle East.
SVP Ajit Mishra said, “The market started the week on a strong note and gained one per cent in line with the prevailing trend.Favorable global cues as well as notable gains in banking majors helped the positive opening. Which grew stronger as the day progressed.", Research, Religare Broking Limited.
In the broader market, the BSE Midcap gauge jumped 0.79 per cent and the SmallSEA index rose 0.07 per cent.Among the indices, bankex rose by 2.70 per cent, financial services by 1.81 per cent), utilities by 1.12 per cent, energy by 0.90 per cent and energy by 0.79 per cent.
Realty and services lagged behind.
A total of 2,015 shares advanced while 1,894 shares declined and 179 shares remained unchanged. Among Asian markets, Seoul, Shanghai and Hong Kong remained in the positive zone.
European markets were trading on a mixed note.Wall Street ended Friday with gains.
Global oil benchmark Brent crude fell 0.51 percent to US$89.04 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,408.8 crore on Friday. BSE benchmark Sensex closed 609.28 points or 0.82 per cent lower at 73,730.16 on Friday. NSE Nifty fell 150.40 points or 0.67 per cent to 22,419.95.
