Kamal Ghorui
Benchmark equity indices Sensex and Nifty extended their gains for a second straight session on Monday, supported by optimism around the India-US trade deal and strong buying interest in public sector banks, consumer durables and realty stocks.The 30-share BSE Sensex rose 485.35 points, or 0.58 per cent, to close at 84,065.75. During the session, the benchmark rallied 734.28 points, or 0.87 per cent, to touch an intraday high of 84,314.68.The 50-share NSE Nifty gained 173.60 points, or 0.68 per cent, to settle at 25,867.30. In intraday trade, the index climbed 228.55 points, or 0.88 per cent, to hit a high of 25,922.25.
Nifty50 top gainers
- SBI (7.64%)
- Shriram Finance (6.04%)
- Grasim Industries (3.16%)
- Titan Company (3.10%)
- Dr Reddy’s (2.81%)
- UltraTech Cement (2.57%)
- Hindalco (2.24%)
- Tata Motors PV (2.20%)
- Tata Steel (2.19%)
- Eternal (1.82%)
Nifty50 top losers
- Max Healthcare (-2.88%)
- NTPC (-1.06%)
- Power Grid (-1.03%)
- ITC (-0.93%)
- ONGC (-0.84%)
- ICICI Bank (-0.79%)
- Infosys (-0.66%)
- Nestle India (-0.60%)
- Coal India (-0.32%)
- Wipro (-0.28%)
BSE Sensex top gainers
- SBI (7.64%)
- Titan Company (3.10%)
- UltraTech Cement (2.57%)
- Tata Steel (2.19%)
- Eternal (1.82%)
- BEL (1.72%)
- Kotak Bank (1.53%)
- InterGlobe (1.12%)
- Trent (1.08%)
- M&M (1.07%)
BSE Sensex top losers
- NTPC (-1.06%)
- Power Grid (-1.03%)
- ITC (-0.93%)
- ICICI Bank (-0.79%)
- Infosys (-0.66%)
- HDFC Bank (-0.25%)
- Maruti Suzuki (-0.12%)
- Bajaj Finance (-0.06%)
- Axis Bank (-0.05%)
“Positive signals from the trade deal, coupled with the return of FIIs, fuelled a risk-on sentiment in the market. Investors are closely watching upcoming results, with PSU banks delivering stronger-than-anticipated performance, helping the PSU bank index outperform,” Vinod Nair, Head of Research, Geojit Investments Ltd, said, PTI quoted him as saying.He added that an accumulation strategy was seen in consumer durables and real estate stocks after the recent correction, driven by expectations of a demand revival.“The recovery was broad-based, with sectors such as cement, capital goods, textiles, and consumer discretionary attracting investor interest, supported by union budget proposals and favourable trade deals,” Nair said.In Asian markets, Japan’s Nikkei 225 index, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended higher. European markets were trading in the positive territory, while US markets had ended higher on Friday.Brent crude, the global oil benchmark, fell 0.81 per cent to$67.52 per barrel. Foreign institutional investors (FIIs) bought equities worth Rs 1,950.77 crore on Friday, as per exchange data.
