NEW DELHI: Equity indices surged in opening trade on Monday with the benchmark BSE sensex rising over 400 positive amid positive global cues.
The 30-share BSE index jumped 411 points or 0.74 per cent and was trading at 55,740. While the broader NSE Nifty was up 109 points or 0.66 per cent at 16,560.
Top gainers in the sensex pack included HCL Tech tech Mahindra, TCS, Tata Steel, Infosys, Bajaj Finance and Bajaj Finserv with their shares rising as much as 4.23 per cent.
Whereas PowerGRid, Bajaj Auto, M&M, HUL and NTPC were the top losers falling up to 1.26 per cent.
Cadila Healthcare jumped nearly 8% after the drugmaker’s Covid-19 vaccine was approved for emergency use by the country.
“Domestic equities look inspiring as of now. Minutes of the MPC meeting held at the beginning of this month continues to show RBI’s commitment to ensure policy support to sustain economic recovery despite select members showing some apprehensions about high inflation and pitching for gradual normalisation in ultra-soft monetary policy,” Binod Modi, head strategy at Reliance Securities told news agency PTI.
Meanwhile, Asian shares bounced as a wave of bargain hunting swept beaten-down markets and China reported no new locally acquired Covid-19 cases for the first time since July.
In the previous session, sensex slumped 300.17 points or 0.54 per cent to close at 55,329.32, and Nifty tumbled 118.35 points or 0.71 per cent to 16,450.50.
(With inputs from agencies)
The 30-share BSE index jumped 411 points or 0.74 per cent and was trading at 55,740. While the broader NSE Nifty was up 109 points or 0.66 per cent at 16,560.
Top gainers in the sensex pack included HCL Tech tech Mahindra, TCS, Tata Steel, Infosys, Bajaj Finance and Bajaj Finserv with their shares rising as much as 4.23 per cent.
Whereas PowerGRid, Bajaj Auto, M&M, HUL and NTPC were the top losers falling up to 1.26 per cent.
Cadila Healthcare jumped nearly 8% after the drugmaker’s Covid-19 vaccine was approved for emergency use by the country.
“Domestic equities look inspiring as of now. Minutes of the MPC meeting held at the beginning of this month continues to show RBI’s commitment to ensure policy support to sustain economic recovery despite select members showing some apprehensions about high inflation and pitching for gradual normalisation in ultra-soft monetary policy,” Binod Modi, head strategy at Reliance Securities told news agency PTI.
Meanwhile, Asian shares bounced as a wave of bargain hunting swept beaten-down markets and China reported no new locally acquired Covid-19 cases for the first time since July.
In the previous session, sensex slumped 300.17 points or 0.54 per cent to close at 55,329.32, and Nifty tumbled 118.35 points or 0.71 per cent to 16,450.50.
(With inputs from agencies)
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