Sensex rises 224 points, Nifty above 10,800-mark on fund inflows, positive Asian cues; Vedanta, Reliance Industries, Tata Steel rally

Mumbai: The equity benchmark BSE Sensex rose by almost 224 points Monday on buying in key frontline counters led by metal, banking, auto and energy stocks amid fresh foreign fund inflows. Positive cues from other Asian markets also bolstered trading sentiments here, traders said. The BSE Sensex rose 223.89 points, or 0.62 percent, to 36,186.82. The gauge had gained over 33 points in the previous session on Friday. [caption id=“attachment_4402363” align=“alignleft” width=“380”]  Representational image. Reuters[/caption] The broader Nifty 50 index was trading at 10,864.80, with a gain of 59.35 points, or 0.55 percent. Major gainers were Vedanta Ltd, Reliance Industries, Yes Bank, Tata Steel, Maruti Suzuki, Sun Pharma, HDFC Bank, Adani Ports and PowerGrid, and SBI, rising up to 3.83 percent. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 861.94 crore on Friday, while DIIs sold equities to the tune of Rs 303.52 crore, provisional data showed. Among Asian markets, Japan’s Nikkei was trading higher by 0.67 percent. Hong Kong’s Hang Seng moved up 0.09 percent, while Shanghai Composite inched 0.01 percent higher. The US Dow Jones Industrial Average ended 2.02 percent lower in Friday’s trade.