Positive global signals boost market sentiment as universal buying helps major benchmark rise 2%
Market Overview: Sensex rises above 1000 points; Nifty closed at 16,661; all sectors end in green
Sensex and Nifty added to gains for the third straight session on Monday, buoyed by strong support for consumers and buying in IT stocks. Investors earned a fortune of Rs 5.3 crore as the total capitalization of BSE-listed companies rose to Rs 258.4 crore, according to preliminary stock market data.
Titan, Infosys, Mahindra & Mahindra, L&T, Reliance Industries, HCL Tech, TCS, and Tech M were the most profitable, up between 3% and 5%. Meanwhile Ultratech Cement, Bajaj Finance, Wipro, Bharti Airtel and HDFC continued to strengthen.
The broader BSE MidCap and SmallCap indexes were also up more than 2 percent each at the close.