Sensex ends higher; financial stocks sparkle

A view of the BSE building in Mumbai. File   | Photo Credit: Paul Noronha

Equity benchmark Sensex ended 144 points higher on Monday, tracking strong buying sentiment in financial stocks amid positive cues from global markets.

After gyrating 633.11 points in a choppy session, the 30-share BSE index settled 143.51 points or 0.36% higher at 39,757.58.

Similarly, the broader NSE Nifty advanced 26.75 points or 0.23% to 11,669.15.

IndusInd Bank was the top gainer in the Sensex pack, rallying around 7%, followed by ICICI Bank, Axis Bank, HDFC, Bharti Airtel, SBI, Bajaj Finance and HDFC Bank.

On the other hand, Reliance Industries (RIL) was the top laggard, crashing over 8%. HCL Tech, TCS, Tata Steel, Asian Paints, Bajaj Auto, Maruti and UltraTech Cement also ended in the red.

According to experts, better-than-estimated Q2 performance from banks and strong auto sales numbers offered support to the market.

On the global front, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a positive note.

Stock exchanges in Europe were also trading with significant gains in early deals.

Meanwhile, international oil benchmark Brent crude was trading 2.06% lower at $37.16 per barrel.

In the forex market, the rupee depreciated 32 paise to end at 74.42 against the US dollar.

Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Oct 24, 2021 6:52:12 PM |

Next Story