Sensex, Nifty rebound on heavy buying in Reliance Industries
The Hindu
Bouncing back from Friday’s decline, the 30-share BSE Sensex gained 63.72 points or 0.10% to settle at 65,344.17
Benchmark stock indices Sensex and Nifty closed higher on Monday, driven by heavy buying in index major Reliance Industries and unabated foreign fund inflows.
However, correction in IT counters ahead of their quarterly earnings announcements scheduled to come later this week put a check on the markets rally.
Bouncing back from Friday's decline, the 30-share BSE Sensex gained 63.72 points or 0.10% to settle at 65,344.17. During the day, it climbed 353.04 points or 0.54% to 65,633.49.
The NSE Nifty advanced 24.10 points or 0.12% to end at 19,355.90.
From the Sensex pack, Reliance Industries jumped the most by 3.78%. Tata Steel, Bharti Airtel, IndusInd Bank, Kotak Mahindra Bank, UltraTech Cement, ICICI Bank and Tata Motors were the other biggest gainers.
Titan, HCL Technologies, Power Grid, Tata Consultancy Services, Wipro, Hindustan Unilever, Axis Bank and Nestle were among the major laggards.
According to exchange data, foreign institutional investors (FIIs) continued their buying activity as they bought equities worth ₹790.40 crore on Friday.
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