New Delhi: The Indian fairness benchmarks continued to surge on Monday amid across-the-board shopping for, with banking and auto shares in excessive demand. The 30-share BSE Sensex jumped 651 factors or 1.09 per cent to shut at 60,396, whereas the broader NSE Nifty settled 191 factors or 1.07 per cent larger at 18,003.
Mid- and small-cap shares completed on a constructive be aware as Nifty Midcap 100 index surged 0.84 per cent and Nifty Smallcap 100 index gained 1.28 per cent.
“The Indian benchmarks traded higher due to widespread buying. In its first advance estimate, the National Statistical Office (NSO) said the Indian economy is on track to reclaim its footing, putting GDP (gross domestic product) growth at a moderate 9.2 per cent this fiscal year, despite concerns about the impact of a resurgent virus on the fragile recovery,” Gaurav Garg, Head of Research, Capitalvia Global Research Ltd stated.
All sector gauges — compiled by the National Stock Exchange — settled in inexperienced. Nifty PSU Bank, Nifty Bank and Nifty Auto soared as a lot as 3.23 per cent.
On the stock-specific entrance, UPL Ltd was the highest Nifty gainer because the inventory rallied 4.57 per cent to Rs 825. Hero MotoCorp, Titan, SBI and Maruti had been additionally among the many gainers.
On the flipside, Wipro, Nestle India, Divi’s Lab, Asian Paints and PowerGrid had been among the many laggards.
The total market breadth stood constructive as 2,646 shares superior whereas 992 declined on BSE.
On the 30-share BSE platform, Titan, Maruti, SBI, L&T, HDFC, Kotak Mahindra Bank and ITC attracted essentially the most positive factors with their shares rising as a lot as 3.12 per cent. Wipro, Nestle India, Asian Paints, Sun Pharma, Hindustan Unilever and Dr Reddy’s had been among the many losers.
In distinction to home indices, international inventory markets struggled as U.S. Treasury yields reached a brand new two-year excessive and buyers fretted concerning the prospect of rising rates of interest and a surge in Covid-19 infections.