Sensex rises over 360 points to scale 61,000-level in early trade; Nifty above 18,220
The Hindu
State Bank of India was the top gainer in the Sensex pack, rising 4.38%, followed by Nestle India, NTPC, M&M, Maruti, L&T and Tech Mahindra
Equity benchmark Sensex climbed over 360 points to breach the 61,000-mark in early trade on Monday, led by strong gains in banking, auto and financial stocks amid a firm trend in global markets.
An appreciating rupee and foreign fund inflows added to the momentum, traders said. The 30-share BSE index was trading 362.24 points or 0.59% higher at 61,312.60 in initial deals. Similarly, the broader NSE Nifty rose 104.55 points or 104.55% to 18,221.70.
State Bank of India was the top gainer in the Sensex pack, rising 4.38%, followed by Nestle India, NTPC, M&M, Maruti, L&T and Tech Mahindra.
State Bank of India on Saturday reported the highest-ever quarterly profit at ₹13,265 crore, up 74% year-on-year, for the September quarter of FY23, buoyed by robust loan sales, higher interest income and lower provisions.
On the other hand, Titan, DrReddy's and Bajaj Finserv were the losers.
In the previous session, the 30-share index gained momentum as the session progressed to close 113.95 points or 0.19% higher at 60,950.36. Similarly, the broader NSE Nifty rose 64.45 points or 0.36% to 18,117.15.
The rupee gained 13 paise to 82.20 against the U.S. dollar in early deals on Monday.
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