NEW DELHI: Equity indices surged on Monday with the benchmark BSE sensex rising over 600 points in opening trade led by gains in bank, auto and pharma stocks amid positive global cues.
The 30-share BSE index was up 630 points or 2.01 per cent to 31,958; while the broader NSE Nifty rose 174 points or 1.90 per cent to 9,329.
Bajaj Auto was the top gainer in the sensex pack with its shares up as much as 4.27 per cent, followed by Sun Pharma, Maruti, Axis Bank, IndusInd Bank, Reliance and HDFC with their stocks rising up to 3.99 per cent.
NTPC, Power Grid, Asian Paints were the only losers with their shares falling up to 0.43 per cent.
On NSE, all sub-indices witnessed gains with Nifty Auto, Realty, Financial Services and Private Bank gaining as much as 2.75 per cent.
Domestic market opened on a positive note tracking global stocks that rallied as the rate of deaths from Covid-19 dropped in several badly hit countries, while leaders stepped up plans to reopen their economies, analysts said.
In the previous session, the BSE sensex tumbled 536 points as finance and bank stocks skidded after Franklin Templeton MF suddenly closed six debt fund schemes, catching investors off guard.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains in early deals.
Global tally of coronavirus infections has crossed 29.7 lakh, with over 2 lakh deaths.
Foreign portfolio investors were net sellers in the capital market on Friday, as they offloaded equity shares worth Rs 207.29 crore, according to provisional exchange data.
The 30-share BSE index was up 630 points or 2.01 per cent to 31,958; while the broader NSE Nifty rose 174 points or 1.90 per cent to 9,329.
Bajaj Auto was the top gainer in the sensex pack with its shares up as much as 4.27 per cent, followed by Sun Pharma, Maruti, Axis Bank, IndusInd Bank, Reliance and HDFC with their stocks rising up to 3.99 per cent.
NTPC, Power Grid, Asian Paints were the only losers with their shares falling up to 0.43 per cent.
On NSE, all sub-indices witnessed gains with Nifty Auto, Realty, Financial Services and Private Bank gaining as much as 2.75 per cent.
Domestic market opened on a positive note tracking global stocks that rallied as the rate of deaths from Covid-19 dropped in several badly hit countries, while leaders stepped up plans to reopen their economies, analysts said.
In the previous session, the BSE sensex tumbled 536 points as finance and bank stocks skidded after Franklin Templeton MF suddenly closed six debt fund schemes, catching investors off guard.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains in early deals.
Global tally of coronavirus infections has crossed 29.7 lakh, with over 2 lakh deaths.
Foreign portfolio investors were net sellers in the capital market on Friday, as they offloaded equity shares worth Rs 207.29 crore, according to provisional exchange data.
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