Sensex at BSE on Monday went up by 180 points to close at 34,911, with 21 stocks closing higher and financial stocks contributing the most to the gains.
On the other hand, Nifty added 67 points to close at 10,311.
Kotak Mahindra Bank went up by 4.14 per cent while Axis Bank and ICICI Bank rose by 3.13 per cent and 1.07 per cent respectively.
Bajaj Groups — Bajaj Finance, Bajaj Auto and Bajaj Finserv — rose 5.34 per cent, 6.89 per cent and 4.85 per cent respectively. They were among the top gainers in the Sensex trade.
All sectoral Indices, except BSE IT, closed in the green. Top Sectoral gainers were BSE Power Index and BSE Metals index which went up by 2.77 per cent and 2.69 per cent respectively.
BSE IT index, on the other hand, came down by 0.35 per cent.
BSE health care sector followed next as investors backed the regulatory approvals to domestic Pharma companies to manufacture Covid-19 drugs. The regulatory approvals kept the market sentiments high. Glenmark Pharmaceuticals surged 27.06 per cent after the company said it has launched drug Favipiravir for treatment of mild to moderate Covid-19 patients. The stock touched a 52-week high of Rs 572.70 during the day.
Indiabulls Housing Finance Shares ended 18.49 per cent higher on Monday. It has surged around 60 per cent in the last two sessions following a number of bulk deals including one in which Morgan Stanley acquired a stake in the housing finance company.
Cipla rose 2.94 per cent after the drug maker announced the launch of its generic version of Remdesivir. The drug has been authorized for emergency use in Covid-19 patients by US drug regulator USFDA.
Reliance Industries closed 0.70 per cent lower after scaling a new record high of Rs 1,804.10 in intraday session as traders gained after a recent rally.
Among the top losers were HDFC which was down by 1.13 per cent, ONGC 0.99 per cent and TCS 0.92 per cent.
BSE midcap went up by 2.02 per cent and SmallCap rose 1.36 per cent.
Experts say that the developments on the border involving Indo-China conflict might influence the market in the coming days. They were of the opinion that demand in economy would increase only when the uncertainty in health issues involving Covid-19 would end.
