NEW DELHI: Equity indices finished higher for the fourth straight session on Monday with the benchmark BSE sensex rising nearly 400 points, led by gains in IT and financial stocks.
The 30-share BSE index finished 399 points or 1.08 per cent higher at 37,419; while the broader NSE Nifty surged 120 points or 1.11 per cent to close at 11,022.
Top gainers in the sensex pack included Infosys, Bajaj Finance, Tech Mahindra, HCL Tech, Bajaj FinServ, HDFC Bank and ICICI Bank with their stocks rising as much as 4.26 per cent.
While Sun Pharma, NTPC, L&T, Kotak Bank and Maruti were the major losers falling up to 3.83 per cent.
On the NSE platform, sub-indices Nifty IT, Bank and Private Bank gained up to 2.60 per cent.
According to experts, strong first quarter results from IT companies have impacted domestic market sentiments. However, global markets will remain cautious amid spurt in the number of COVID-19 cases world over.
“Bellwether companies that have reported earnings so far have shown that they could realign their businesses quickly in the current environment,” Anita Gandhi, director at Arihant Capital Markets told news agency Reuters.
“Investors feel very safe with them,” she added.
On the currency front, the rupee appreciated by 11 paise to settle at 74.91 (provisional) against the US dollar, tracking positive domestic equities and weak American currency.
(With agency inputs)