Sensex makes 155-point gain on easing Indo-China tension; Infosys up 3.14%
The 30-share Sensex opened higher at 31,756.87 and advanced further to hit a high of 31,809.70 on unabated buying by domestic investors
Mumbai: The benchmark BSE Sensex on Monday rallied nearly 155 points to extend gains for the fourth session in a row on buying in IT, FMCG, auto and pharma stocks amid firm global markets and easing Indo-China border tension.
The broader NSE Nifty reclaimed the key 9,900-mark propelled by gains in Infosys, Sun Pharma, Hindustan Unilever, Hero MotoCorp and IndianOil.
The 30-share Sensex opened higher at 31,756.87 and advanced further to hit a high of 31,809.70 on unabated buying by domestic investors.
The barometer pared some of the gains due to profit-booking at higher levels after European shares opened negative to ended at 31,750.82, still up by 154.76 or 0.49 percent. The gauge had gained 337.21 points in the previous three sessions.
The NSE Nifty ended 55.75 points, or 0.57 percent, higher at 9,912.80 after moving between 9,925.75 and 9,882.
Infosys, the country's second largest software exporter, emerged as top gainer among Sensex components by rising 3.14 percent to Rs 941.15.
Investors cheered appointment of former CEO and Aadhaar-architect Nandan Nilekani as its new chairman.
Brokers said the rupee appreciating further to trade at 63.86 (intra-day) against the dollar at the forex market too had its positive impact.
Sentiment got a boost on easing border tensions after India and China agreed to expeditious disengagement of border personnel at Dokalam, they said.
A better closing at most of other Asian markets also buoyed trading sentiments.
Market Roundup: Sensex drops nearly by 600 points, Nifty closes at 15,752; today's top gainers and losers
At the closing bell, Sensex went down by a whopping 586 points and was at 52,533.40. On the other hand, Nifty ended at 15,752.40 after decreasing by 1.07 percent
The top gainers at BSE inlcuded ICICI Bank, HDFC and Axis Bank, while HCL Technologies, Dr Reddy's and Maruti were among the laggards
BSE Sensex closed at 53,158.85 with a gain of 254.80 points or 0.48 percent. The top gainers were HCL Technologies, Larsen and Toubro, Tech Mahindra, HDFC Bank and UltraTech Cement