Sensex, Nifty climb nearly 1%; end two-session losing streak
The Hindu
Both the indices had declined by more than 2% in the last two sessions
Benchmark BSE Sensex and Nifty closed higher by nearly 1% on Monday, ending their two-session losing streak following heavy buying in banking, oil and FMCG shares.
The 30-share BSE barometer jumped 468.38 points or 0.76% to settle at 61,806.19 as 24 of its stocks advanced. During the day, it advanced 507.11 points or 0.82% to a high of 61,844.92.
The broader NSE Nifty climbed 151.45 points or 0.83% to end at 18,420.45.
The indices had declined by more than 2% in the last two sessions.
"Stabilizing after the previous session, domestic indices edged towards gains owing to optimistic cues from western markets," said Vinod Nair, Head of Research at Geojit Financial Services.
From the Sensex pack, Mahindra & Mahindra, Power Grid, Bharti Airtel, Bajaj Finserv, HDFC, Hindustan Unilever, Maruti, ITC, Titan, Nestle, Bajaj Finance and Reliance Industries were the major winners.
Tata Consultancy Services, Infosys, Tata Motors and IndusInd Bank were among the laggards.
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