TIL Desk/Business/Mumbai/ The benchmark BSE Sensex rallied over 227 points in early trade on Monday on buying in FMCG, banking and IT stocks by investors enthused by global rally in stock markets.
The BSE 30-share index surged 227.44 points, or 0.75 per cent, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday. All sectoral indices led by FMCG, realty, capital goods, metal and auto were in the green, rising up to 1.76 per cent.
Also, the NSE Nifty gained 62.55 points, or 0.66 per cent, to 9,490.45 points. Trading sentiment got a boost after the defence ministry last week broadly finalised a policy under which select private firms will be roped in to build military platforms like submarines and fighter jets in India in partnership with foreign entities.
FMCG giant ITC rose the most among 30 Sensex constituents, climbing 2.82 per cent to Rs 293.95. Engineering and construction giant Larsen & Toubro rose 1.34 per cent to Rs 450.60. Adani Ports rose by 1.75 per cent and TCS by 1.5 per cent. Tata Motors and Bharti Airtel rose by around 1 per cent in early trade.
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