BusinessIndia

Sensex surges by 465.86 pts

Mumbai: The Indian equity market ended strong for the fourth straight session on Monday, as BSE Sensex posted a massive gain of 465.86 pts at 36,487.28 following gains in Realty, Metal, Auto, Energy and Capital Goods stocks amid positive global cues.

The nifty of national stock exchange too rose by 156.30 pts to 10,763.65. The nifty registered days high and low at 10,811.40 and 10,695.10 points respectively.

The market remained in green throughout the day, as it opened on strong note at 36,313.46, up by 292 pts. It spurted nearly 640 pts to 36,661.66, days high before closing at 36,487.28, up by 465.86 pts from its previous close.

The indices include, Realty, Metal, Auto, Energy and Capital Goods stocks advanced.
In scrips, M& M, Bajaj Finance, HDFC Bank, Tech Mahindra and ITC edged up while selling in Bajaj Auto, Bharti Airtel, HDFC, Hind Unilever and HCL Technologies capped from further gains, broker informed.

For instance, HDFC Bank ended around 3 per cent higher after it reported strong loan growth of 21 per cent year-on-year (YoY) at Rs 1.04 trillion for the first quarter of financial year 2020-21 (Q1FY21).

Estate developer Sobha went up nearly 5 per cent higher after the company said it managed to clock 70 per cent of sales volume during Q1 2021 as compared to Q4 2020.

National Fertilizers (NFL) hit a 20 per cent upper circuit of Rs 36.95 after it said it achieved highest-ever fertilizer sale of 12.85 lakh metric tonnes (LMT) in Q1 June 2020. This is about 21.5 per cent higher than the sales of 10.57 LMT reported in Q1 June 2019.

Shares of Prism Johnson were frozen at 10 per cent upper circuit band of Rs 48.50 on the BSE on Monday after the company informed that its board has approved divestment of its entire holding of 51 per cent in Raheja QBE General Insurance Company (RQBE).

The Mid Cap rose by 1.27 pc and Small Cap by 1.30 pc.In 30 scrips, 25 advanced while 5 declined

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