Sensex surges 935.72 points

Mumbai, March 14 : The equity market remained on top for the fifth consecutive session as BSE Sensex on Monday spurted 935.72 points, breaching the 56K level at 56,486.02 on the strength of bankex, IT and finance stocks despite weak global cues and rising domestic wholesale inflation. The Nifty of the National Stock Exchange (NSE) too gained 240.85 points at 16,871.30. The Sensex opened higher by 64 points at 55,614.40. During the day, it zoomed 995 points at 56,545.83, the day’s high, before closing at 56,486.02, up 935.72 points from its previous close. The Sensex registered the day’s high and low at 56,545.83 and 55,556.47 points respectively. The Nifty recorded the day’s high and low at 16,887.95 and 16,606.50 respectively. Sectoral indices like bankex, IT, technology and finance stocks kept the rally intact for the fifth straight session on Monday. Bankex, IT and technology stocks went up by more than 2 per cent. In scrips, Infosys surged 3.76 per cent to Rs 1,890.80, a major gainer in 30 scrips of BSE, followed by HDFC Bank by 3.25 per cent to Rs 1,442.40, SBI by 3.14 per cent to Rs 485.15, Maruti Suzuki by 2.92 per cent to Rs 7,314.50 and Axis Bank by 2.78 per cent to Rs 710.10. The losers were Hind lever by 1.66 per cent to Rs 2,060.10, Sun Pharma by 1.07 per cent to Rs 892.30, Dr Reddy’s Lab by 0.52 per cent to Rs 3,954 and Tata Steel by 0.33 per cent to Rs 1,297.00. The Mid Cap rose by 0.02 per cent and Small Cap by 0.31 per cent. In 30 scrips, 26 advanced while 4 declined. European Markets were seen positive as pan-European Stoxx 600 went up 0.7 per cent in early trade, with autos jumping 3.7 per cent. A mixed trend was seen in Asian Market as Japan’s Nikkei moved up 0.6 per cent while South Korea’s Kospi fell by 0.6 per cent. Hong Kong’s Hang Seng slipped 5 per cent and China’s Shanghai Composite by 2.6 per cent. NV MR

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