The Bombay Stock Exchange Sensitive Index surged over 400 points on Monday to begin trading on positive signals from global markets and increased foreign exchange flows.
The Bombay Stock Exchange Sensitive Index jumped over more than 400 points at the start of trading on Monday on positive signals from global markets and increased foreign exchange inflows. Reliance Industries, ICICI Bank and HDFC, which have more weight in the index, recorded good gains during this period. After hitting a high of 35,170.08 points at the start of trading, the 30-share index rose 421.66 points, or 1.21 per cent, to 35,153.39 points. Similarly, the Nifty on the National Stock Exchange rose 122.95 points, or 1.20 per cent, to 10,367.35 points.
Among the gainers, Bajaj Finserv led the way with a gain of seven percent. This was followed by Bajaj Finance, Bajaj Auto, IndusInd Bank and ICICI Bank. Shares of Reliance Industries rose two per cent to a record high of Rs 1,804.10. In contrast, shares of TCS, ONGC, Mahindra & Mahindra and Infosys continued to decline.