Share Market Closing Updates: Equity benchmarks rose on Monday to hit a three-week high, extending gains for the third straight session after recording their first weekly advance in three on Friday.
The NSE Nifty-50 index increased 103 points, or 0.58 percent, to close above 17,900 while the 30-share BSE Sensex index increased 321.99 points, or 0.54 percent, to conclude at 60,115.13. The BSE MidCap and SmallCap indices increased by up to 1 percent, reflecting the sustained strength of the overall markets on the exchanges.
Axis Bank, Tech Mahindra, and Tata Steel all saw increases in the Sensex pack of stocks, while Titan saw the greatest increase, up 2.39 percent. Gains by Reliance Industries, Infosys, TCS, ICICI Bank, Bajaj Finance, and L&T contributed to the rise.
Despite reaching intraday highs of 60,284.55 and 17,980.55, respectively, both indices declined from their highs in anticipation of the later-today release of the retail inflation figures for August.
The top large-cap winners were Tech Mahindra, Titan, Axis Bank, Infosys, Ultratech Cement, Bajaj Finance, Tata Steel, Wipro, RIL, and TCS. In contrast, HAL, ACC, Godrej Properties, Jubilant FoodWorks, Aurionpro Solutions, Xchanging Solutions, and Repco Home Finance. These equities all experienced gains of between 1 percent and 20 percent.
Sectorally, there was a sea of green, with the Nifty Realty and IT indices surging by 2 percent and 1.4 percent, respectively, to lead the charts. With a 0.27 percent gain, the Nifty Auto index had the weakest gain.