Sensex jumps by 600 points to hit 32,000 also IRCTC gains 5% Equity benchmark index Sensex on Monday gained over 600 points to rise above the 32,000 mark at 32,289. The broader Nifty 50 index was up nearly upto 200 points at 9,432 in early trade.
Financial stocks such as ICICI Bank, HDFC Bank contributed the most to the indices’ losses. So buying in auto and IT counters gave the much-needed support to the market.
At the index level, the S&P BSE Sensex shed over 81 points or 0.26 per cent to 31,561.22 levels. 16 declined and 14 advanced that of 30 constituents. ICICI Bank that down over 5 per cent ended as the top loser on the index. Indian indices climbed off the morning gains but were still trading higher on Monday lifted by auto stocks.600 points
Nestle India and ICICI Bank were the top Sensex laggards. All the 11 sectoral indices were trading in positive territory.
IRCTC rose upto 5% after the government said that 15 sets of trains will be started from May 12. Reliance Industries was also up over 3% after fixing May 14 as the record date for the rights issue. Shares of Indian Railway Catering and Tourism Corporation locked in the upper circuit band of 5 per cent at Rs 1,302.85 apiece on the BSE after Ministry of Railways announced that Indian Railways will gradually restart passenger 600 points train operations from May 12, initially with 15 pairs of trains. Besides, IndusInd Bank and Maruti Suzuki were up 2% each. The trend between Nifty sectoral indices was mixed, led by Nifty Auto and also Nifty IT.
The Nifty Auto index gained 2.34% led by Motherson Sumi, Tata Motors and Bharat Forge. Nifty FMCG index was also up 1.13% or 303 points with Tata Consumer, Emami and Godrej Consumer Properties as of top index gainers.