The BSE benchmark Sensex ended higher by over 190 points
led by metal, IT, TECk and infrastructure stocks amid firm
European cues. Investors opted for bargain-hunting as well as
Short-covering ahead of derivatives expiry this week.
The 30-share BSE index Sensex ended higher by 192.83 points
or 0.68 percent at 28,661.58 and the 50-share NSE index Nifty
closed up 57.5 points or 0.65 percent at 8,879.20.Barring
FMCG, all other BSE sectoral indices ended in the green.
Among them, metal index gained the most by 2.04 percent, followed by IT 1.62 percent, TECk 1.6 percent and infrastructure 1.28 percent, while FMCG index was down 0.06 percent.
Top five Sensex gainers were TCS (+4.06%), Tata Steel (+3.76%),
GAIL (+3.13%), Infosys (+2.53%) and HDFC Bank (+2.53%), while
the major losers were Axis Bank (-1.72%), ITC (-1.04%), HDFC (-
0.89%), Dr Reddy’s (-0.4%) and ICICI Bank (-0.3%).
Telecom shares soared after a media report said Vodafone Group is
likely to finalize talks for a merger with Idea Cellular within a
month, citing unidentified sources.
Meanwhile, Tata Teleservices (Maharashtra) Ltd rose as much
as 9.9 per cent after a media report said that the company was
seeking to be part of an entity that would include Reliance
Communications, Aircel and MTS.
However, broader sentiment was largely cautious after recent
strong gains in markets, with Asian shares largely mixed ahead
of key US Federal Reserve events, including minutes of the last
policy meeting and speeches by five heads of Fed regional banks.
Asian share markets were mixed on Monday as political
Uncertainty globally kept the mood cautious, while the US
dollar recouped early losses ahead of a busy week for Federal
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