Sensex reclaims 60k-mark, Nifty rises 120 points

Benchmark indices started the week with a positive note with Sensex reclaiming 60,000-mark on April 24 as strong quarterly earnings reported by bellwether companies and a downward movement in the crude oil prices supported investor sentiments.

Benchmark indices started the week with a positive note with Sensex reclaiming 60,000-mark on April 24 as strong quarterly earnings reported by bellwether companies and a downward movement in the crude oil prices supported investor sentiments.

In a see-saw trade, the 30-share BSE Sensex jumped 401.04 points or 0.67% to reach the 60,000-level and closed the session at 60,056.10. During intra-day, it hit a high of 60,101.64 and a low of 59,620.11.

The broader NSE Nifty ended at 17,743.40, up 119.35 points or 0.68%.

According to experts, traders were also cautious due to weak global sentiment amid concerns over growth slowdown and interest rate hikes by major central banks.

"The positive market sentiment in the domestic market was boosted by strong earnings reported by heavyweights.

"However, the weak global sentiment did raise some concerns midway. But the banking sector played a key role in this upward trend, with sector majors reporting strong earnings," Vinod Nair, Head of Research at Geojit Financial Services said.

Among the Sensex firms, Wipro, Axis Bank, Titan, UltraTech Cement and HDFC Bank, HDFC, HCL Tech, and Reliance were the gainers.