Market Closing Updates: The benchmark indices Sensex and Nifty50 recorded their third consecutive day of gains on Monday thanks to strong global market trends and new foreign money inflows.
The 30-share BSE Sensex gained 786.74 points, or 1.31 percent, to close at 60,746.59 after the rally. It increased by 826.85 points or 1.37 percent throughout the day to reach 60,786.70. The broader NSE Nifty also made similar gains, rising 225.40 points or 1.27 percent to close at 18,012.20.
UltraTech Cement, Mahindra & Mahindra, HDFC, Sun Pharma, HDFC Bank, Larsen & Toubro, Bajaj Finserv, and Bajaj Finance were the top gainers from the Sensex pack.
Lower-than-expected closing prices were recorded for Dr. Reddy's, NTPC, and IndusInd Bank.
International Markets: Shanghai and Hong Kong markets closed in the red, while Seoul and Tokyo's markets ended higher. In mid-session trades, stock exchanges in Europe were trading with a mixed bag of sentiment. Friday's closing price on Wall Street was substantially higher.
Crude Oil: Meanwhile, Benchmark Brent crude for world markets was down 0.31 percent at USD 95.47 a barrel. According to exchange data, foreign institutional investors (FIIs) purchased shares on Friday totaling a net sum of 1,568.75 crore.
Rupee Versus Dollar: Following the strength of the American currency in the international market, the Indian rupee gave up some of its early gains and ended the day Monday 31 paise weaker at 82.78.
The local unit at the interbank foreign currency market started at 82.35 and had highs of 82.32 and lows of 82.80. It ultimately lost 31 paise from its previous level of 82.47 to conclude at 82.78 against the US dollar.
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