Benchmark indices rise nearly 1% on heavy buying in oil, FMCG stocks

From the Sensex pack, Mahindra & Mahindra, Power Grid, Bharti Airtel, Bajaj Finserv, HDFC, Hindustan Unilever, Maruti, ITC, Titan, Nestle, Bajaj Finance and Reliance Industries were the major winners

The benchmark BSE Sensex and Nifty closed higher by nearly 1 per cent on Monday, ending their two-session losing streak following heavy buying in banking, oil, and FMCG shares.
 

The 30-share BSE barometer jumped 468.38 points or 0.76 per cent to settle at 61,806.19 as 24 of its stocks advanced. During the day, it advanced 507.11 points or 0.82 per cent to a high of 61,844.92.
 

The broader NSE Nifty climbed 151.45 points or 0.83 per cent to end at 18,420.45.
 

The indices had declined by more than 2 per cent in the last two sessions.
 

“Stabilising after the previous