Sectoral gainers and losers on NSE
The S&P BSE Sensex ended at 34,474, up 97 points, while the broader Nifty50 index settled at 10,348, up 32 points.
Among sectoral indices, the Nifty Bank index settled 0.7 per cent higher, led by a rise in YES Bank and State Bank of India (SBI). On the other hand, Nifty IT index fell 1.8 per cent led by fall in Tata Elxsi, Tata Consultancy Services (TCS) and Infosys.
During the day, the rupee slipped below the crucial 74 per dollar mark for the second time in two days hitting 74.09 against the greenback as the Reserve Bank of India (RBI) kept interest rates unchanged on Friday, surprising the markets that had expected a rate hike to support the tumbling rupee and combat inflationary pressures from high oil prices.
Shares of oil & gas and state-run oil marketing companies (OMCs) rose on Monday, after witnessing heavy sell-off in the last two trading sessions. Reliance Industries rose 5.5 per cent to Rs 1,108 on the BSE, while HPCL rose over 8 per cent to Rs 178.
(with wire inputs)