Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally- QHN

Stock market highlights: Domestic equities extended their gains into third straight day on Monday as global markets bounced back. The S&P BSE Sensex surged 787 points, or 1.3 per cent, to end at 60,747. The Nifty50, meanwhile, shut shop at 18,011, up 225 points or 1.26 per cent.

In the broader market, the BSE MidCap, and SmallCap indices edged 1.24 per cent, and 0.45 per cent higher, respectively.

Gains were broad-based as all the sectoral indices ended higher. The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent.

Among individual stocks, Ultratech Cement, Sun Pharma, HDFC twins, L&T, M&M, Bajaj twins, Bharti Airtel, Asian Paints, Infosys, Tech M, Kotak Bank, HUL, Titan, and ITC jumped in the range of 1 per cent to 4 per cent. On the downside, NTPC, Dr Reddy’s Labs, IndusInd Bank, and Nestle were the only Sensex losers, down up to 0.7 per cent.

Global cues

European markets were cautious on Monday morning as investors awaited key economic data out of the euro zone. The pan-European Stoxx 600 was down 0.2 per cent in early trade, with basic resources falling 0.7 per cent, while telecoms added 0.2 per cent.

Elsewhere in Asia-Pacific, shares were mostly higher on Monday as China factory activity missed expectations, and markets looked ahead to the US Federal Reserve meeting later this week. Nikkei advanced 1.8 per cent, Kospi 1.1 per cent, and ASX200 1.15 per cent. Hang Seng, however, dipped 1.2 per cent.

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