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Sensex rallies 760 points or 1.41 per cent to settle at 54,521, while the NSE Nifty advanced 229 points or 1.43 per cent to 16,278
Mumbai, July 18 Benchmark stock indices Sensex and Nifty spurted over 1 per cent at close on Monday following buying in IT, oil and gas and banking shares, bolstered by firm global trends.
Rising for a second straight session, the 30-share BSE Sensex rallied 760.37 points or 1.41 per cent to settle at 54,521.15. During the day, it jumped 795.88 points or 1.48 per cent to 53,760.78.
The broader NSE Nifty advanced 229.30 points or 1.43 per cent to 16,278.5, as 41 of its constituents advanced.
Among the Sensex constituents, IndusInd Bank, Infosys, Tech Mahindra, Bajaj Finserv, Axis Bank, UltraTech Cement, Kotak Mahindra Bank and ICICI Bank were the major gainers.
Dr Reddy's Labs, HDFC Bank, Maruti, Mahindra & Mahindra, Nestle, Hindustan Unilever and HDFC were the laggards.
"Indian markets opened on a positive note following overall positive Asian markets. During the afternoon session, markets strengthened on buying in IT, teck and capital goods stocks. Gains in frontline blue-chip stocks such as Infosys, Tech Mahindra also helped lift the markets," said Narendra Solanki, Head, Fundamental Research, Anand Rathi-Investment Services.
Meanwhile, international oil benchmark Brent crude jumped 2.18 per cent to $103.4 per barrel.
In Asia, markets in Seoul, Shanghai and Hong Kong ended significantly higher. Markets in Europe were trading in the green during mid-session deals. The US markets had ended sharply higher on Friday.
The BSE barometer climbed 344.63 points or 0.65 per cent to settle at 53,760.78 on Friday and the Nifty advanced 110.55 points or 0.69 per cent to 16,049.20.
Foreign institutional investors were in selling mode again, as they offloaded shares worth Rs 1,649.36 crore in the capital market on Friday, according to exchange data.
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