The BSE 30-share Sensex had jumped 362.24 points to 61,312.60 in early trade. During trading, the Sensex went up to the highest level of 61,401.54 and the lower level to 60,714.34 points.
Mumbai: Domestic stock markets were bullish on Monday and the BSE Sensex climbed over 230 points and again crossed the 61,000-mark level. A strong trend in global markets led the market to rise on gains in auto, energy and metal stocks. According to traders, the strengthening of the rupee against the US dollar and continued foreign capital inflows also supported the domestic stock markets.
The 30-share Sensex closed at 61,185.15, up 234.79 points, or 0.39 per cent, amid heavy volatility. During trading, the standard index went up to 61,401.54 in the high and 60,714.34 points in the low. State Bank of India rose the most among Sensex stocks, up 3.44 per cent. Apart from this, Tata Steel, UltraTech Cement, ICICI Bank, Mahindra & Mahindra, Maruti and PowerGrid were also major gainers. Conversely, the losers included Asian Paints, Bajaj Finserv, Sun Pharma and Titan. Of these, there was a decline of up to 2.37 percent. 18 out of 30 Sensex stocks ended in gains.
In other Asian markets, China’s Shanghai Composite, Japan’s Nikkei, Hong Kong’s Hang Seng and South Korea’s Cospi were among the gainers. The major markets of Europe also saw a bullish trend in early trade. The US stock market was on the rise on Friday. Meanwhile, international oil benchmark Brent crude was trading 0.19 per cent lower at $98.38 per barrel. According to stock market data, foreign institutional investors were net buyers on Friday. He bought shares worth Rs 1,436.25 crore.
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