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NEW DELHI: Equities indices rose on Monday with benchmark BSE sensex rising more than 600 points in opening trade led by gains in banking, automotive and pharmaceutical stocks amid positive global signals.
The 30-share BSE index rose 630 points or 2.01 percent to 31,958; while the broader NSE Nifty rose 174 points or 1.90 percent to 9,329.
Bajaj Auto was the top winner in the sensex package with its shares up as much as 4.27 percent, followed by Sun Pharma, Maruti, Axis Bank, IndusInd Bank, Reliance and HDFC with their shares rising as much as 3.99 percent.
NTPC, Power Grid, Asian Paints were the only losers with their shares dropping to 0.43 percent.
At NSE, all sub-indices witnessed gains with Nifty Auto, Realty, Financial Services and Private Bank with earnings of up to 2.75 percent.
The domestic market opened on a positive note tracking global stocks that recovered when the Covid-19 death rate fell in several severely affected countries, while leaders stepped up plans to reopen their economies, analysts said.
In the previous session, the BSE sensex fell 536 points when financial and bank stocks collapsed after Franklin Templeton MF suddenly closed six debt fund schemes, surprising investors off guard.
Courses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains in the early deals.
The global count of coronavirus infections has crossed 29.7 lakh, with more than 2 lakh of deaths.
Foreign portfolio investors were net sellers in the capital market on Friday as they downloaded shares worth Rs 207.29 million, according to provisional exchange data.
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The 30-share BSE index rose 630 points or 2.01 percent to 31,958; while the broader NSE Nifty rose 174 points or 1.90 percent to 9,329.
Bajaj Auto was the top winner in the sensex package with its shares up as much as 4.27 percent, followed by Sun Pharma, Maruti, Axis Bank, IndusInd Bank, Reliance and HDFC with their shares rising as much as 3.99 percent.
NTPC, Power Grid, Asian Paints were the only losers with their shares dropping to 0.43 percent.
At NSE, all sub-indices witnessed gains with Nifty Auto, Realty, Financial Services and Private Bank with earnings of up to 2.75 percent.
The domestic market opened on a positive note tracking global stocks that recovered when the Covid-19 death rate fell in several severely affected countries, while leaders stepped up plans to reopen their economies, analysts said.
In the previous session, the BSE sensex fell 536 points when financial and bank stocks collapsed after Franklin Templeton MF suddenly closed six debt fund schemes, surprising investors off guard.
Courses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains in the early deals.
The global count of coronavirus infections has crossed 29.7 lakh, with more than 2 lakh of deaths.
Foreign portfolio investors were net sellers in the capital market on Friday as they downloaded shares worth Rs 207.29 million, according to provisional exchange data.
