Indian equity market made a strong comeback on Monday after a subdued activity for last one week with Sensex rising up 610.80 points to 33,917.94, while Nifty rose 194.55 points to 10,421.40.
Shares ITC emerged as the major booster in uplifting the key equity indices followed by a continued rally in shares HDFC, Reliance, ICICI Bank, Axis Bank, Infosys, NTPC, HDFC Bank, L&T and Bharti Airtel, were the lead gainers in Sensex components.
All the sectoral indices excluding Nifty PSU Bank index ended in green with Nifty FMCG, Nifty Private Bank, Nifty Metal, Nifty Auto, Nifty Bank, Nifty Financial Services leading the charge rising up to 2%.
Among the PSU bankers, shares of IDBI Bank, Central Bank of India, Andhra Bank, Union Bank of India, UCO Bank faced the major jolt with stocks of IDBI Bank and Andhra Bank dropping up to 9 percent. Shares of most of the Midcap & Smallcap companies also gained in line with large-cap stocks, as the broader market indices of NSE, Nifty Next 50, Nifty 100, Nifty 200, Nifty 500 etc rose 0.8 to 2 percent.
The govt will release inflation data based on consumer price index and industrial production data in later hours today.
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