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RIL, IT stocks help Sensex settle 195 pts higher; Nifty ends above 12,900

All that happened in the markets today

Markets | Sensex | Nifty

SI Reporter  | New Delhi 


The benchmark indices ended around 0.5 per cent higher on Monday amid buying in Reliance Industries (RIL), and information technology counters such as Infosys, and Tata Consultancy Services (TCS). 

The S&P BSE gained 195 points, or 0.44 per cent to settle at 44,077 levels while NSE's ended above 12,900 level at 12,926, up 67 points, or 0.52 per cent. During the day, the index hit a record high of 12,969 levels. 

Volatility index, India VIX, gained over 6 per cent to 20.8 levels. 

The broader market outperformed the headline indices. The S&P BSE MidCap index gained 1.25 per cent to 16,642 levels while the S&P BSE SmallCap index settled at 16,405, up 1.37 per cent. 

Among sectoral indices, IT gained the most - up nearly 3 per cent to 22,007 levels. Bank, on the other hand, slipped 0.72 per cent to 29,024 levels while Nifty Financial Service index fell over 1 per cent to 14,059 levels.  

Global markets 

Shares and oil prices rose on Monday while the dollar fell as investors pinned hopes for economic revival on coronavirus vaccines, even as the world contended with surging case numbers and delays to fresh US stimulus.

The STOXX index of Europe’s 600 largest shares rose 0.5 per cent to its highest since February after AstraZeneca become the latest major drugmaker to say its vaccine for the virus could be around 90 per cent effective.

In commodities, oil prices rose more than 1 per cent, extending last week’s gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials. 

(With inputs from Reuters)


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