Amid high volatility, key benchmark equity indices, Sensex and Nifty ended Monday’s session higher led by strong gains in banking and financial stocks. The BSE Sensex closed 143.51 points higher at 39,757.58 while the NSE Nifty gained 26.75 points to close at 11,669.15.
Among sectors, Nifty Private Bank advanced the most over 4 percent followed by Nifty Realty, PSU Bank and Financial Services which rallied over 3 percent in trade. On the downside, Nifty Pharma, IT, Metal and Auto ended in the red. Major gainers in the Nifty were IndusInd Bank, ICICI Bank, Axis Bank, HDFC and Bharti Airtel while Reliance Industries, Divi's Labs, Eicher Motors, HCL Technologies and TCS were the top index losers.
Shares in Reliance Industries recorded its biggest one-day decline in over 7 months, falling 8 percent after the company reported its September quarter results. Shared of IndusInd Bank surged 6 percent as most brokerages remained bullish.
Globally, shares recovered from one-month lows on Monday as upbeat Chinese data offset new lockdowns in Europe, while investors prepared for more volatility arising from the US presidential election, as per Reuters reports. MSCI world equity index rose 0.2 percent, following a strong performance in Asia after data showed Chinese factory activity expanded at its fastest pace in a decade.
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