New Delhi, India: In a tumultuous trading session spurred by robust buying in metal stocks, Indian equity indices finished higher on Monday. The benchmark BSE Sensex rose 389 points, or 0.70 percent, to 56,247, while the wider NSE Nifty advanced 136 points, or 0.81 percent, to 16,794. Both indices swung back and forth between gains and losses before settling in the green for the second day in a row.
From the day's low, the Sensex rose nearly 1,500 points to conclude in the green. Investors became upbeat as chances for Russia-Ukraine talks grew. Ukraine announced that talks with Russia would take place on the Belarusian-Ukrainian border.
Mid- and small-cap stocks concluded the day higher, with the Nifty Midcap 100 index up 0.97 percent and small-cap stocks up 1 percent.
The National Stock Exchange's 15 sector indices all ended the day in the green. Nifty Metal index outperformed by rising 4.95 per cent.
The highest Nifty gainer was Hindalco, which rose 7.16 percent to RS 572.15. The gainers included Tata Steel, PowerGrid, JSW Steel, and BPCL.
On the BSE, the overall market breadth was solid, with 2,120 shares rising and 1,323 falling. On Sensex, Tata Steel, PowerGrid, Reliance Industries, Titan, NTPC, L&T, Asian Paints, and ICICI Bank were the top gainers. Dr Reddy's, Axis Bank, M&M, and the HDFC twins (HDFC and HDFC Bank) all ended up in the negative.
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