Mumbai: Benchmark equity indices Sensex and Nifty surged dramatically and closed higher on Monday following buying in HDFC Bank, ICICI Bank and Tat Consultancy Services.
Recovering from early lows, the 30-share BSE Sensex closed 111.6 points or 0.15 per cent higher at 72,776.13. The index opened lower and touched a low of 71,866.01, down 798.46 points or 1.09 per cent in the day's trade.
NSE Nifty rose 48.85 points or 0.22 per cent to 22,104.05. The 50-issue bounced back from a low of 21,821.05.
Asian Paints, Sun Pharma, HDFC Bank, Tata Consultancy Services, Axis Bank, Tata Steel, JSW Steel, Larsen & Toubro, ICICI Bank and Power Grid were among the major gainers on the Sensex.
Tata Motors declined over 8 per cent despite reporting more than three-fold rise in consolidated net profit at Rs 17,528.59 crore in the fourth quarter ended March 31, 2024.
NTPC, Bharti Airtel, Titan, State Bank of India and Nestle were the other major laggards.
In Asian markets, Seoul, Tokyo and Shanghai closed lower while Hong Kong closed in positive territory.
European markets were trading mostly lower. Wall Street closed mostly higher on Friday.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 2,117.5 crore on Friday.
Global oil benchmark Brent crude rose 0.28 percent to US$83.02 per barrel.
On Friday, the BSE benchmark closed 260.30 points or 0.36 per cent higher at 72,664.4. NSE Nifty rose 97.70 points or 0.44 per cent to 22,055.20.
Recovering from early lows, the 30-share BSE Sensex closed 111.6 points or 0.15 per cent higher at 72,776.13. The index opened lower and touched a low of 71,866.01, down 798.46 points or 1.09 per cent in the day's trade.
NSE Nifty rose 48.85 points or 0.22 per cent to 22,104.05. The 50-issue bounced back from a low of 21,821.05.
Asian Paints, Sun Pharma, HDFC Bank, Tata Consultancy Services, Axis Bank, Tata Steel, JSW Steel, Larsen & Toubro, ICICI Bank and Power Grid were among the major gainers on the Sensex.
Tata Motors declined over 8 per cent despite reporting more than three-fold rise in consolidated net profit at Rs 17,528.59 crore in the fourth quarter ended March 31, 2024.
NTPC, Bharti Airtel, Titan, State Bank of India and Nestle were the other major laggards.
In Asian markets, Seoul, Tokyo and Shanghai closed lower while Hong Kong closed in positive territory.
European markets were trading mostly lower. Wall Street closed mostly higher on Friday.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 2,117.5 crore on Friday.
Global oil benchmark Brent crude rose 0.28 percent to US$83.02 per barrel.
On Friday, the BSE benchmark closed 260.30 points or 0.36 per cent higher at 72,664.4. NSE Nifty rose 97.70 points or 0.44 per cent to 22,055.20.
