Sensex jumps over 400 points, Nifty crosses 22,500 as markets snap 8-day losing streak

The Indian equity markets rebounded on Monday with Sensex gaining over 400 points and Nifty hovering over 22,500. Both indices opened with a gap-up, snapping the 8-day losing streak, with Nifty PSU Bank emerging as a major gainer during the early morning trade.

Sensex opened at 72,340.95 and was trading at around 72,362.54, up 452.84 points or 0.63 per cent against the previous close of 71,909.70. Likewise, Nifty opened at 22,532.40 and was trading at around 22,543.05, up 121.10 points or 0.54 per cent against the previous close of 22,421.95.

All broad market indices traded in the green. Amongst the sectoral indices, Nifty PSU Bank emerged as the top gainer, surging 1.79 per cent, followed by chemicals, realty, metal, financial services, oil & gas, surging over a per cent each.

On NSE, Bajaj Finance, Shriram Finance, ITC, NTPC, Coal India, Grasim, Bajaj Finserv, SBIN, Power Grid, ONGC, LT, Axis Bank, HDFC Bank, among others were the major gainers. Apollo Hospital, Infosys, Cipla, Eternal, Asian Paints, BEL, Tech Mahindra, Nestle, among others, were the top drags.

Likewise, on BSE, Bajaj Finance, Bajaj Finserv, ITC, LT, SBIN, Axis Bank, Power Grid, HDFC Bank, NTPC, Reliance, Indi Go, among others, were the top gainers. Infosys, HCL Tech, Eternal, Sun Pharma, M&M, BEL, Maruti, among others, were the top losers during the early morning trade.

In the commodity market, Brent crude was trading at around USD 101.37 per barrel while crude oil was trading at around USD 90.01 per barrel at the time of reporting.

(ANI)