New Delhi: The equity index surged on Monday with BSE Sensex Rising benchmarks nearly 400 points led by profits in banking, finance and realty shares.
The 30-share BSE index jumped 395 points or 0.75 percent to close at 52,800; While the wider NSE settled 112 points or 0.71 percent higher at 15,834.
Top transitions in the Sensex package including the State Bank of India (SBI), Steel Tata, Bajaj Finserv, L & T, Axis Bank and Bajaj Finance with their shares rose as much as 2.16 percent.
Tech Mahindra, Dr.
Reddy, HCl Tech, Titan and Bharti Airtel are the only ones who fall up to 1.51 percent.
On the NSE platform, the nifty realty sub-index, banks and financial services rose as much as 2.73 percent.
According to experts, the availability of more covid-19 vaccines raised expectations of sustainable economic recovery, with investors hoping for a strong corporate income season which will take place this weekend.
“IT results are expected to be a positive and good June car sales figure can provide enough positive triggers”, Narendra Solanki, Head of Equity Research in Anand Rathi, investment services to the Reuters news agency.
The stable kerel in the case of Covid-19, relaxation of the sidewalk pandemic and the increase in daily vaccination has pushed sentiment so far.
Meanwhile, foreign institutional investors (FIIS) are clean sellers in the capital market because they lowered the shares worth Rs 982.80 Crore on Friday, according to data exchange.
(With input from agency)