New Delhi: The equity index surged on Monday with BSE Sensex benchmarks up more than 450 points led by the increase in Bank PSU and consumer resilience shares.
The 30-share BSE index jumped 478 points or 0.8 percent to close at 60,546.
Meanwhile, the wider NSE settled 152 points or 0.85 percent in 18069.
The top players in the sensex package including Titan, Ultra Cemo, Bajaj Finserv, Tech Mahindra and bank boxes with their shares rose by 4.54 percent.
Meanwhile, Bank Indusind, M & M, SBI, Maruti and Cat Asia are the main losers.
Indusind Bank with more than 10 percent after the lender claimed to have distributed 84,000 loans without the customer’s consent to be due to “technical errors”.
The index has risen more than 25 percent this year in the case of Covid-19 falls, the economy reopens and a lot of liquidity.
However, they fell from the record high at foreign sales and severe concerns over excess values.
After correction in October about heavy foreign trade and worries, shares have lined up thanks to positive sentiment during the Diwali celebration season.
“If it is (market) consolidating here for a long time this is a good opportunity for purchases.
Many companies have come out with excellent results,” Samrat Dasgupta, chief executive at Esquire Capital Investment Advisors told the Reuters news agency.
Of the 38 Nifty 50 companies that have reported the results of the September quarter so far, 21 has defeated estimates, Eikon refinitiv data shows.
Elsewhere in Asia, the stock exchange in Hong Kong, Tokyo and Seoul ended with a loss, while Shanghai was positive.
The stock market in Europe mostly traded red in a mid-session agreement.
Meanwhile, Brent Crude’s international oil benchmark rose 1.15 percent to $ 83.69 per barrel.
(With input from the agency)
Sensex jumps 478 points; Nifty settles above 18,000
