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STOCK MARKET

Sensex Revisits 61,000 Mark on Optimistic Global Cues

Picture Source: Internet

The Sensex rose more than 230 points on Monday, reclaiming the 61,000-point mark, driven by strong buying in banking, autos and metals shares amid a strong global stock market trend. The 30-share BSE Sensex rose for a second day from 61,185.15 to 234.79.

The Nifty gained 85.65 points to 18,202.80. SBI shares rose 3.4% after posting a quarterly profit of Rs 13,265 crore for the September quarter on Saturday, up 74% year-on-year on strong loan sales, higher interest income, and lower regulation.


Tata Steel, ICICI Bank, UltraTech Cement, M&M, Maruti, PowerGrid and HDFC Bank were other major winners, gaining as much as 1.81%.

In contrast, Asian Paints, Bajaj Finserv, Sun Pharma, Titan, Kotak Bank and Dr Reddy’s lagged, falling as much as 2.37%. Market breadth favoured bulls, with 18 of 30 Sensex stocks closing in the green.

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