Indian indices surged on Monday following positive cues from Asian and European markets. The BSE Sensex rose 469.87 points, or 1.44%, to close at 33,066.41. The National Stock Exchange Nifty gained 132.60 points, or 1.33%, to close at 10,130.65.
Yes Bank and State Bank of India were the top two gainers on both Sensex and Nifty. On the BSE, the other major gainers were HDFC Bank, Tata Steel and HDFC. On the NSE, these were Bajaj Finance, Zee Entertainment and HDFC Bank.
Wipro was the top loser on both indices. Other stocks which declined the most on the Sensex were Infosys, Tata Motors and Tata Consultancy Services. GAIL, HPCL, Infosys and Indian Oil Corp were the other major losers on the Nifty.
The Indian rupee rose 13 paise to trade at 64.87 against the United States dollar at 4.30 pm.
Global equities recovered on Monday after reports that the US and China had started negotiations to improve American access to Chinese markets, amid fears of an impending trade war between the two countries, Mint reported.
On the Asian market, the Hong Kong Hang Seng gained over 239 points, Japan’s Nikkei 225 surged 148 points, and the Taiwan index was up 16.72 points. However, the Shanghai and Australian markets saw a small decline.
In Europe, England’s FTSE 100 index gained over 16 points. The Euronext 100, an index which operates from Amsterdam, Brussels, London, Lisbon, Dublin and Paris, traded almost flat at 2.89 points higher. But the Swiss market index rose over 69 points, Germany’s DAX 58 points and France’s CAC 40 13.09 points.