Market Closing Updates: Taking strong trends in global equities, the equity benchmark Sensex gained by more than 230 points on Monday to recapture the 61,000-mark. This rise was driven by strong stock buying in auto, energy, and metal sectors.
Continuing foreign capital inflows and a strong rupee relative to the US currency also helped domestic shares, traders said.
The 30-share BSE Sensex closed 234.79 points or 0.39 percent higher at 61,185.15 after a very choppy day. During the session, the index reached a high of 61,401.54 and a low of 60,714.36. The NSE Nifty, a more inclusive index, increased by 85.65 points or 0.47 percent to close at 18,202.80 points.
With a gain of 3.44 percent, State Bank of India led the list of Sensex gainers, followed by Tata Steel, UltraTech Cement, ICICI Bank, Mahindra and Mahindra, Maruti, and PowerGrid. On the other hand, Asian Paints, Bajaj Finserv, Sun Pharma, and Titan, on the other hand, were among the underperformers, losing up to 2.37 percent.
With 18 out of the 30 Sensex shares closing in the green, the market breadth was in favour of the bulls.
International markets: Asia's other bourses saw rises, including those in Shanghai, Tokyo, Hong Kong, and Seoul. In mid-session trades, stock exchanges in Europe were also trading in the green. On Friday, Wall Street had increased at the end of the previous session.
Crude Oil: Benchmark Brent crude for world markets was down 0.19 percent at USD 98.38 per barrel. On Monday, the rupee strengthened against the US dollar by 45 paise, ending the day at 81.90 (provisional). According to exchange data, foreign institutional investors (FIIs) were net purchasers on Friday, purchasing shares worth Rs 1,436.25 crore.
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