Sensex rises over 400 points; Nifty above 11,500 – Times of India


NEW DELHI: Domestic equity markets opened on a positive note on Monday with the benchmark BSE sensex rising over 400 points.
The 30-share BSE index was trading 435 points or 1.12 per cent higher at 39,132; while the broader NSE Nifty was up 117 points or 1.03 per cent at 11,534.
Top gainers in the sensex pack included IndusInd Bank, Tata Steel, TCS, ICICI Bank, Infosys and Axis Bank with their shares rising as much as 5.22 per cent.
While Asian Paints, ONGC, M&M, Bharti Airtel, Ultra Cemco and Nestle India were the top losers falling up to 1.01 per cent.
Shares of Reliance Industries rose nearly 0.8 per cent after the company secured Rs 13,598 crore in investments for its retail unit from sovereign wealth funds GIC, Mubadala and US investment firm TPG Capital.
Markets are also awaiting the outcome of the 42nd GST Council meet, scheduled to be held from 11 am.
Benchmark index sensex advanced by 3.49 per cent or 1,308.39 points last week on the back of Unlock 5.0 guidelines, positive macroeconomic data and renewed hopes of US stimulus measures. Domestic markets were closed on Friday on account of ‘Gandhi Jayanti’.
(With agency inputs)



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