Sensex rallies over 900 points, Nifty reclaims 17,600; bank stock lead

On the first trading day of 2022, Indian equity indexes finished higher, powered by gains in banking and auto sectors. On Monday, the 30-share BSE Sensex rose 929 points, or 1.60 percent, to 59,183, while the wider NSE Nifty rose 272 points, or 1.57 percent, to 17,626. From its previous closing, the BSE index jumped over 1,000 points to an intraday high of 59,266.

The Nifty Midcap 100 index increased by 1.33 percent, while the Nifty Smallcap 100 index increased by 1.15 percent.

The National Stock Exchange's 15 sector indices all ended the day in the green. Nifty Banking, Nifty Financial Services, and Nifty Auto all increased by up to 2.65 percent.  Eichers Motors, Bajaj Finance, Tata Steel, and ICICI Bank all saw their stock prices rise.

On a stock-by-stock basis, Coal India was the highest gainer on the Nifty, rising 6.37 percent to Rs. 155.35. In December, the state-owned miner recorded a 3.3 percent increase in output.

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