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Stock Market Live: Sensex rises 550pts, smallcaps outrun; IT index up 1%

By Kemal Pasha

Domestic markets extended gains in Monday’s intra-day trade, supported by gains across index-heavyweights like HDFC Twins, Asian Paints, Tata Consultancy Services, among others.


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Domestic markets extended gains in Monday’s intra-day trade, supported by gains across index-heavyweights like HDFC Twins, Asian Paints, Tata Consultancy Services, among others.
 


Key indices Nifty50 climbed over 150 points to hit day’s high of 17,765 levels, whereas the S&P BSE Sensex advanced over 550 points to claim day’s high of 60,390 levels.

Broader markets, too, rose in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 1 per cent. Volatility index, India VIX, meanwhile, eased up to 2 per cent.

All sectors swimmed in the sea of green, with Nifty IT and Nifty Metal indices gaining the most – up to 1 per cent each.

Back home, shares of Bajaj Electricals surged over 3 per cent out after the company bagged Rs 565 crore worth of order from South Bihar Power Distribution Company.

Besides, shares of Kansai Nerolac Paints gained over 1 per cent after the company acquired 40 percent stake in Nerofix from Polygel.


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Kemal Pasha