Sensex Closes 469 Points Higher, Nifty Reclaims 10,100

Gains were led by buying witnessed in banking stocks, especially PSU banks, and consumer durables.

The BSE Sensex rose 469 points to close at 33,066 on Monday, led by banking and metal stocks. gains in the domestic equities came despite weakness in other Asian markets on worries of a global trade war. The NSE benchmark index Nifty added 132 points to settle at 10,130. Top gainers on the 50-scrip Nifty index were Yes Bank, SBI and Bajaj Finance closing with gains of around 3-6 per cent.

Here are 10 things to know about Monday’s trading session:

1)39 stocks on the 50-scrip Nifty index finished the day in the positive zone.

2)The stock markets had begun Monday’s session on a jittery note, with the indices toggling between gains and losses in the early hours, but gained strength in afternoon trade, according to market observers.

3)Among PSU banks, Canara Bank rose 10.5 per cent, Bank of Baroda 6.2 per cent and Union Bank of India closed 5 per cent higher.

4)Finance stocks such as LIC Housing Finance also rose. HDFC rose 2.3 per cent while Bajaj Holdings closed 3.3. per cent higher.

5)Among metal stocks, SAIL, Tata Steel, JSW Steel, Hindalco Industries and Vedanta finished the day with gains of 2-4 per cent.

6)The MSCI world equity index, which tracks shares in 47 countries, was flat in percentage terms by 2:31 pm, while the pan-European STOXX 600 equity index slipped 0.1 per cent.

7)US President Donald Trump signed a memorandum on Friday that could impose tariffs on up to $60 billion of imports from China, although the measures have a 30-day consultation period before they take effect.

8)The US Dow Jones Industrial Average had closed 1.77 per cent lower on Friday.

9)The Indian stock markets had declined last week, with the BSE Sensex shedding a cumulative 579 points and the NSE Nifty losing 197 points.

10)The markets will be closed on Thursday and Friday on account of Mahavir Jayanti and Good Friday, respectively.


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