Sensex and Nifty rebounded by nearly 1 per cent on Monday after value buying in IT and oil shares and a rally in global shares in the midst of a drop in Brent crude oil prices. The BSE Sensex jumped 677.55 points or 0.84 per cent to settle at 81,796.15. During the day, it surged 747.22 points or 0.92 per cent to 81,865.82. The 50-share NSE Nifty, on the other hand, rose 227.90 points or 0.92 per cent to 24,946.50.
Among 30 Sensex firms, UltraTech Cement, Tech Mahindra, HCL Tech, Tata Consultancy Services, Eternal, Asian Paints, Tata Steel and Kotak Mahindra Bank were among the biggest gainers. Tata Motors, Adani Ports and Sun Pharma, on the other hand, remained in the red.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng also did well, and so did the European markets. US markets had, however, ended lower on Friday. Global oil benchmark Brent crude declined by 0.81 per cent to US $73.63 a barrel. Despite the global uncertainty triggered by the Middle East unrest, Indian markets remained strong.
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