Sensex 364 points to close at 38,799; Nifty settles above 11,450 – Times of India

NEW DELHI: Equity indices finished higher on Monday with the benchmark BSE sensex rising over 350 points led by gains in banking and financial stocks amid firm cues from global markets.
The 30-share BSE index rose 364 points or 0.95 per cent higher to close at 38,799; while the broader NSE Nifty finished 95 points or 0.83 per cent higher at 11,466.
Top gainers in the sensex pack included IndusInd Bank, Kotak Bank, Bajaj Finance, HDFC Bank, ICICI Bank, Bharti Airtel with their shares rising as much as 3.40 per cent.
While Power Grid, Tech Mahindra, M&M, Titan and Nestle India were the top losers falling up to 1.96 per cent.
On the NSE platform, sub-indice Nifty Bank, Private Bank and financial services gained up to 2.45 per cent.
Traders said domestic bourses followed positive trend in global equities.
“The reopening of industries is signalling that things are coming back to normal,” KK Mittal, investment adviser at Venus India told news agency Reuters.
“Domestic markets are being driven by ample liquidity within the global system. Global cues are also supportive, with positive news coming from the Covid-19 treatment front,” he added.
On the currency front, the rupee soared 52 paise to settle at 74.32 (provisional) against the US dollar, in line with upbeat domestic equities and sustained foreign fund inflows.
Meanwhile, exchange data showed that foreign institutional investors bought equities worth Rs 410.16 crore on a net basis on Friday.
(With agency inputs)