MUMBAI: Benchmark fairness indices Sensex and Nifty rallied for a second straight session on Monday following buying in index heavyweight IT counters and Reliance Industries amid optimism in Asian markets.
The 30-share BSE Sensex climbed 234 factors or 0.38 per cent to settle at 61,963.68. During the day, it jumped 314.78 factors or 0.50 per cent to 62,044.46.
The NSE Nifty rallied 111 factors or 0.61 per cent to finish at 18,314.40.
Among the Sensex companies, Tech Mahindra, Wipro, Infosys, Tata Consultancy Services, HCL Technologies, Larsen & Toubro, ITC, Sun Pharma, NTPC and Titan have been the key gainers.
Nestle, Axis Bank, Tata Motors, ICICI Bank, HDFC Bank and Bharti Airtel have been the laggards.
All the ten listed Adani group shares ended with important features as a Supreme Court-appointed knowledgeable committee stated it has discovered no proof of inventory value manipulation in group firms, whereas a separate Sebi probe into alleged violation in cash flows from offshore entities has “drawn a blank”.
Adani Enterprises zoomed 18.84 per cent and Adani Wilmar jumped 10 per cent, the largest gainers among the many ten listed group companies.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the optimistic territory. Markets in Europe have been buying and selling on a blended notice. The US market had ended marginally decrease on Friday.
“The domestic market inched higher in anticipation of possible progress in US debt ceiling negotiations. Despite a weak fourth-quarter performance, IT stocks rebounded on account of bargain opportunities and pent-up demand. Investors remain watchful ahead of the release of US FOMC minutes on Wednesday, as the minutes may give some indication of a pause on rate hikes,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Meanwhile, world oil benchmark Brent crude climbed 0.03 per cent to $75.60 per barrel.
The Sensex climbed 297.94 factors or 0.48 per cent to settle at 61,729.68 on Friday. The Nifty superior 73.45 factors or 0.41 per cent to finish at 18,203.40.
Foreign institutional traders (FIIs) offloaded equities price Rs 113.46 crore on Friday after remaining patrons for plenty of days, in keeping with alternate information.
The 30-share BSE Sensex climbed 234 factors or 0.38 per cent to settle at 61,963.68. During the day, it jumped 314.78 factors or 0.50 per cent to 62,044.46.
The NSE Nifty rallied 111 factors or 0.61 per cent to finish at 18,314.40.
Among the Sensex companies, Tech Mahindra, Wipro, Infosys, Tata Consultancy Services, HCL Technologies, Larsen & Toubro, ITC, Sun Pharma, NTPC and Titan have been the key gainers.
Nestle, Axis Bank, Tata Motors, ICICI Bank, HDFC Bank and Bharti Airtel have been the laggards.
All the ten listed Adani group shares ended with important features as a Supreme Court-appointed knowledgeable committee stated it has discovered no proof of inventory value manipulation in group firms, whereas a separate Sebi probe into alleged violation in cash flows from offshore entities has “drawn a blank”.
Adani Enterprises zoomed 18.84 per cent and Adani Wilmar jumped 10 per cent, the largest gainers among the many ten listed group companies.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the optimistic territory. Markets in Europe have been buying and selling on a blended notice. The US market had ended marginally decrease on Friday.
“The domestic market inched higher in anticipation of possible progress in US debt ceiling negotiations. Despite a weak fourth-quarter performance, IT stocks rebounded on account of bargain opportunities and pent-up demand. Investors remain watchful ahead of the release of US FOMC minutes on Wednesday, as the minutes may give some indication of a pause on rate hikes,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Meanwhile, world oil benchmark Brent crude climbed 0.03 per cent to $75.60 per barrel.
The Sensex climbed 297.94 factors or 0.48 per cent to settle at 61,729.68 on Friday. The Nifty superior 73.45 factors or 0.41 per cent to finish at 18,203.40.
Foreign institutional traders (FIIs) offloaded equities price Rs 113.46 crore on Friday after remaining patrons for plenty of days, in keeping with alternate information.
