Sensex Climbed 299 Points & Nifty Settles at 11,008

Share markets on Monday: Prominent gainers in the 30-share Sensex pack were Yes Bank, TCS, SBIN, ICICI Bank, HDFC and Tata Motors.

Domestic stock markets, closed on a positive note today amid rise in country’s manufacturing sector activity in September. The S&P BSE Sensex climbed 299 points, or 0.83 per cent, to end at 36,526.14.

The NSE Nifty50 index rose 77.85 points or 0.71 per cent to settle at 11,008.30. The indices sentiment was also boosted up after government moved National Company Law Tribunal (NCLT) for change of management at the crisis-hit IL&FS, said analysts. Healthy auto sales numbers also reassured investors, brokers said.

Things to know about stock markets:

1. Twenty two out of 30 Sensex stocks finished the session in the green. Prominent gainers in the 30-share Sensex pack were Yes Bank (+9.68%), TCS (+3.26%), HDFC (+3.16%), SBIN (+3.04%), ICICI Bank (+3.00%) and Tata Motors (+2.60%).

2. Yes Bank (+8.82%), Hindalco (+6.25%), Indiabulls Housing Finance (+4.11%), HDFC (+3.45%) and SBIN (+3.24%) led the pack of Nifty gainers.

3. Yes Bank Ltd was the top percentage gainer on both indices. HDFC closed 3.45 percent higher and contributed to over a fifth of the Nifty’s gains, while TCS gained 3.05 per cent on NSE.

4. “Markets open lower but recovered as the government moved the NCLT against IL&FS and its subsidiaries for change of management control and after LIC agreed to participate in the IL&FS rights issue”, Viral Berawala, CIO, Essel Mutual Fund told .

5. BSE and NSE benchmark indices had shed 1.2 per cent in the past three sessions, with the Sensex declining 424.92 points and the Nifty moving 137 points lower.

6. Factory activity expanded more quickly in September on strong domestic and export order growth, a business survey showed. The Nikkei India Manufacturing Purchasing Managers’ Index strengthened slightly in September to 52.2, up from 51.7 in August, as sales rose from both domestic as well as foreign clients.

7. The Reserve Bank of India (RBI) said it would pump 36,000 crore rupees into money markets in October in its latest attempt to stem fears of a cascading credit crunch.

8. On a net basis, foreign institutional investors (FIIs) sold shares worth Rs. 1,699.94 crore Friday, while domestic institutional investors (DIIs) bought shares to the tune of Rs. 3,256.34 crore, as per provisional data.

9. On the other hand, Larsen & Tourbo (-1.52%), Kotak Bank (-1.76%), Reliance (-2.12%), Induslnd Bank (-2.25%), Axis Bank (-3.00%) and Bharti Airtel (-4.07%) were the main losers on Sensex.

10. Bharti Airtel (-4.18%), Hindustan Petroleum (-3.36%), Axis Bank (-3.34%), Ultracemco (-2.93%) and Induslnd Bank (-2.43%) were the main laggards on NSE Nifty.

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