On Monday, the Sensex and Nifty Surged Nearly 1 Per Cent
On Monday, the Private Banks and FMCG accounted for much of the market optimism as today the Sensex and Nifty surged nearly 1 per cent.
Strong macros in the form of a firm rupee and soft oil prices made participants bolder. Strength in global markets too went in the bulls’ favour.
The BSE benchmark Sensex climbed 373.06 points or 1.07 per cent to 35,354.08. Only nine out of 30 constituents were in the red.
NSE barometer Nifty added 101.85 points or 0.97 per cent to 10,628.60. On the 50-share index, 34 stocks advanced while 16 fell.
Barring metals and pharma indices, all other sectors were in the green. FMCG, IT, private bank and financials powered the sectoral show, rising by up to 2.30 per cent.