Nifty, Sensex ends up 7850 points, 164pts; ITC up 3 pct

The market on Monday ended after a tumultuous ride throughout the day as the benchmark indices ended with gains on late buying.

The Sensex ended up 163.66 points or 0.6 percent at 25653.23, and the Nifty ended up 45.85 points or 0.6 percent at 7860.75.

ITC, Dr Reddy's Labs, HUL, HDFC twins were top gainers while SBI, Cipla, Adani Ports, ONGC and BHEL were losers in the Sensex.

The Met department unveiled its first monsoon forecast for 2016, saying that the onset of monsoon over Kerala is likely to be delayed by six days beyond its scheduled date of June one.

DS Pai, Director, India Met Department, in an interview to a media channel said that although they expect the monsoon to set in Kerala on June seven, the rainfall will be normal over central and northwest India.

However, till then the temperatures in those regions could increase in the next few weeks.

According to him, over the next one month the EL Nino is likely to reach neutral conditions. Further, the department sticks to its earlier forecast of 106 percent of LPA for this monsoon season.