Nifty ends 2.6 percent higher, led by banks | Reuters

MUMBAI The NSE Nifty jumped more than 2.6 percent on Monday, its biggest daily percentage gain in more than a year, encouraged by strong trading in shares of banks and miners after a selloff last week.

The broader Nifty ended at 7,162.95, while the benchmark BSE Sensex gained 2.47 percent to close at 23,554.12.

Among gainers, State Bank of India (SBI.NS) soared 9 percent on value-buying after the stock fell as much last week. India's biggest lender on Friday reported the biggest fall in its quarterly profit in nearly five years as bad loan provisions jumped.

Construction and engineering stocks also surged. Industrial group Larsen & Toubro (LART.NS) jumped 9.1 percent.

(Reporting by Aastha Agnihotri; Editing by Anupama Dwivedi)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 15, 2016 19:25 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See