Sensex Opens 486 Points in Higher, Nifty Near 16,200; Infosys, Tech Mahindra Gain Big


Mumbai: Market benchmark indices began the commerce on a agency observe on Monday, with the Sensex climbing 485.98 factors amid constructive developments in world equities and shopping for in IT shares. The 30-share BSE benchmark was buying and selling 485.98 factors larger at 54,246.76. The broader NSE Nifty superior 126 factors to 16,175.20 in early commerce.

Among the Sensex constituents, Infosys, Tech Mahindra, Larsen & Toubro, Sun Pharma, IndusInd Bank, Wipro, Tata Steel and ExtremelyTech Cement have been the most important gainers. HDFC Bank, Mahindra & Mahindra and HDFC have been the laggards.

In Asia, markets in Seoul, Shanghai and Hong Kong have been buying and selling considerably larger. The US markets had ended sharply larger on Friday.

Meanwhile, the worldwide oil benchmark Brent crude jumped 0.72 per cent to USD 101.89 per barrel. The BSE barometer climbed 344.63 factors or 0.65 per cent to settle at 53,760.78 on Friday and the Nifty superior 110.55 factors or 0.69 per cent to 16,049.20.

Foreign institutional traders went in promoting mode as they offloaded shares value Rs 1,649.36 crore within the capital market on Friday, as per trade knowledge.

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