Mumbai: The benchmark of the sensex equity ended 296 points higher on Monday, tracking the increase in the ICICI Bank majoring index, HDFC and Tech Mahindra twins amid a global trend that was mostly positive in the global market.
After rebounding more than 960 points from a low day during the session, the 30-stock index set 295.93 points or 0.52 percent higher at 57,420.24.
Likewise, Nifty recovered 82.50 points or 0.49 percent to 17,086.25.
Tech Mahindra is the top enhancer in the sensex package, up more than 3 percent, followed by Dr.
Reddy’s, PowerGrid, Bank Box, Sun Pharma, ICICI Bank and M & M.
On the other hand, Indusind Bank, Paint Asia, Maruti and Bharti Bharti among sluggish.
“The Indian market is opened in the red tracking market signal as investors track the impact of omicron variants in the midst of depleting vacation,” said Narendra Soarki, Equity Research (Fundamental), Anand Rathi.
During the afternoon session, the market swinged back to Green showed a stable trade with recovery supported by shares of health services, industry and capital goods.
“Traders are encouraged as members of the Monetary Policy Committee (MPC) from bank reserves, hope that in some quarters from now on, capital investment will begin to increase even in the old economy, and say the next fiscal year is also expected to witness proper growth,” Solanki said.
Elsewhere in Asia, the stock exchange in Shanghai, Seoul and Tokyo ended in red, while Hong Kong was positive.
The stock market in Europe was traded on a mixed note in a mid-session agreement.
Sensex ends 296 points higher; Nifty tops 17,050.
