MUMBAI: Snapping six consecutive sessions of losing run, the Indian stock markets’ key indices, Sensex and Nifty, closed in the positive on Monday helped by good buying support in banking and IT stocks.
The 30 stock S&P BSE Sensex rose 237.42 points to close at 51,597.84 points against its previous session close at 51,360.42 points.
The Indian equities markets witnessed volatile trading. The Sensex started the day in the positive at 51,470.03 points but slipped into the red soon after, hitting a low of 51,062.93 points in the early morning trade. It recovered from the losses later in the day and surged to a high of 51,714.61 points in the intra-day.
The Sensex has closed in the positive terrain for the first time in the past seven trading sessions. There was heavy selling pressure in the market last week and the index had lost 2,943.02 points, or 5.41 per cent. It had closed 135.37 points, or 0.26 per cent down, on Friday.
The broader Nifty 50 of the National Stock Exchange closed 56.65 points up at 15,350.15 points against its previous session’s close at 15,293.50 points.
Earlier, the Nifty started the day in the positive at 15,334.50 points, but it slipped into negative in the morning trade, hitting a low of 15,191.10 points. The Nifty touched a high of 15,382.50 points in the intra-day.
There was good buying support banking, financial and IT stocks. HDFC surged 3.97 per cent to Rs 2,134.25, Hindustan Unilever soared 3.95 per cent to Rs 2,195.95, UltraTech Cement surged 2.96 per cent to Rs 5,330.90, Asian Paints climbed 2.96 per cent to Rs 2,659.55 while HDFC Bank soared 2.47 per cent to Rs 1,322.
IT stocks too rallied. Wipro climbed 2.30 per cent to Rs 414.50, Infosys rose 1.95 per cent to Rs 1,414.75, Tech Mahindra rose 1.47 per cent to Rs 979.20 and Tata Consultancy Services closed 0.78 per cent higher at Rs 3,113.20.
However, energy and infra stocks slumped. Tata Steel tumbled 5.03 per cent to Rs 861.20 while IndusInd Bank dipped 2.92 per cent to Rs 783.35.
The index heavyweight Reliance Industries Ltd slumped 1.80 per cent to Rs 2,542.80, NTPC fell 1.57 per cent to Rs 138.25 and Mahindra & Mahindra slumped 1.54 per cent to Rs 982.50. Thirteen of the 30 scrips that are part of the Sensex closed in the red. (ANI)