Sensex, Nifty gain for eight session; longest profit streak since November

Gains in index heavyweights such as HDFC, ITC helped Sensex recover from an early loss of 293 points to finish the day with gains of 113 points

The benchmark indices continued its winning streak for the eighth consecutive session on Monday in anticipation of a favourable monsoon. Gains in index heavyweights such as HDFC and ITC helped the BSE Sensex recover from an early loss of 293 points to finish the day with gains of 113 points, or 0.33 per cent, to 34,305.43.

The index of 30 blue-chip companies has gained on all occasions since April 4, when it had ended at 33,019. The broad-based Nifty has gained 400 points, or 3.94 per cent, in the past eight sessions. Last time the Sensex had gained for eight