Closing Bell: Sensex, Nifty50 snap 6-day falling streak to end nearly 0.4% higher - Eicher Motors surge nearly 8%

Snapping a six-day losing streak, the Indian markets closed higher on Monday’s session amid neutral global sentiments. The benchmark indices – Sensex gained over 180 points, while Nifty50 settled above the 15800-level, led by auto, banks, and financial stocks at the close today. 

At the market close, the BSE Sensex gained over 180 points or 0.34 per cent to 52974 levels, while Nifty50 surged over 60 points or 0.38 points to 15842-mark at the close. Outperforming the benchmarks, broader markets – mid-cap and small-cap each gained over 1 per cent at the close. 

The 12-share banking index – Nifty Bank jumped over 475 points or 1.4 per cent to 33597.6 levels, aided by Bandhan Bank and Bank of Baroda surge up to 7 per cent at the market close.

Of 50 scrips on Nifty, 33 advanced, 16 declined and one remained unchanged at the close. Eicher Motors closed as a top Nifty gainer, up almost 8 per cent, followed by Apollo Hospitals up over 4 per cent. While UPL and NTPC gained nearly 3 per cent and SBI was up over 2.5 per cent at the close.

On the contrary, cement heavyweights such as UltraTech Cement and Shree Cement concluded over 3 per cent and around 2.5 per cent lower after Adani Group announced the acquisition of Ambuja Cements and ACC controlling stakes from Switzerland-based company Holcim.

While Asian Paints, ITC and Divis Lab declined between 1.5 and 2 per cent at the market close today.

Except for FMCG, IT and Pharma all other sectoral indices closed in the green. Nifty PSU Bank surged almost 3 per cent, followed by Nifty Realty up over 2.5 per cent and Nifty Auto up over 2 per cent. While Nifty Bank, Financials and Metal each surged between 0.5 and 1.5 per cent at the close.