The 30-share Sensex closed 491 points higher at 58,411 on Monday while its broader peer Nifty50 went up by 126 points to end at 17,311. Overcoming early losses, the domestic benchmark indices closed higher led by heavyweight Reliance, Banking and financial stocks.
Among the Sensex stocks, SBI, Bajaj Finserv, Axis Bank, ICICI Bank, NTPC and IndusInd Bank were the top gainers in the trading session, rising 1.5 per cent to 3 per cent. Reliance, Kotak Bank, Maruti and UltraTech also settled higher.
However some stocks including L&T, HCL Tech, Tata Steel and Wipro ended with cuts.
Among the sectors, the PSU Bank rose 3.47 per cent and Nifty Private Bank went up 1.42 per cent. Nifty Financial Services and Nifty Auto closed higher. Nifty Midcap rose 0.70 per cent while SmallCap50 slipped 0.15 per cent.
The Market capitalization of all the listed companies on BSE went up by Rs 1.53 lakh crore to Rs 271.81 lakh crore. The Market breadth was in favor of bears. In all 1922 stocks fell, 1612 others gained and 167 remained unchanged.
