Starting the week on a strong note, the benchmark indices gained up to 0.74% on Monday, tracking positive cues from major Asian equity markets. The Sensex jumped 582.95 points, or 0.72%, to close at 81,790.12, led by IT and banking shares. The Nifty also rose 183.40 points, or 0.74%, to end above the 25,000 mark at 25,077.65. Both indices extended their winning streak for the third consecutive session.
In the last three sessions, both the indices have risen 1.90%, with the Sensex gaining 1,522.50 points and the Nifty rising 466.55 points.
What did Ajit Mishra say?
“The rally was supported by a combination of robust domestic triggers and encouraging global factors,” said Ajit Mishra, SVP – Research, Religare Broking. “Positive business updates from leading private banks bolstered sentime