TIL Desk/Business/Mumbai/ Domestic equities continued their bull run Monday with the BSE Sensex rising over 300 points and the Nifty reclaiming the 11,500 mark amid unabated foreign fund inflows and narrowing country’s trade deficit. Besides, positive cues from other Asian markets too bolstered trading sentiment here, traders said.
The 30-share Sensex spurted 326.06 points, or 0.80 per cent, to 38,350.38 in early trade. The gauge had rallied 1,352.89 points points in the previous five sessions. The broad-based NSE Nifty to rallied 82.15 points, or 0.72 per cent, to 11,509.
Major gainers that supported the rally were PowerGrid, Kotak Bank, HDFC Bank, Reliance Industries, Axis bank, Bharti Airtel, Asian Paint, M&M, IndusInd Bank, Bajaj Finance, Asian Paint, Yes Bank, ICICI Bank, HDFC, ITC, Tata Steel, SBI, ONGC and Bajaj Auto, rising up to 2.57 per cent.
Shares of Maruti, on the other hand were the
biggest losers, cracking up to 3.42 per cent. Barring auto and healthcare, all
the sectoral indices on BSE, led by oil and gas, PSU, realty, power, bankex, IT
and FMCG, were trading in the green. According to experts, narrowing trade
deficit and sustained foreign fund inflows buoyed investor sentiment.
