Sensex surges 350 points as financial, IT stock lead; Nifty above 11,000

(File photo)

NEW DELHI: Equity indices started on a higher note with the benchmark BSE sensex rising more than 350 points to trade above the 37,000-mark led by gains in financial and IT stocks. The broader NSE Nifty index traded above the 11,000-levels.
Top gainers in the BSE pack included HDFC Bank, ICICI Bank, HCL Tech, Infosys, Axis Bank and HDFC with their shares rising as much as 4.73 per cent.
On NSE, Nifty Bank and Financial Service surged as much as 2.27 per cent.
Analysts have said that equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week.
Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.
On the global front, Asian shares were downbeat with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fiscal stimulus plans to fight the pandemic.
More than 14 million people have been infected by the novel coronavirus globally and nearly 602,000 have died, according to a Reuters tally.
(With agency inputs)

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