Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%

CLOSING BELL

Stock market highlights: Equities sprinted for a fourth straight day on Monday as hefty buying in auto, metals, financials, and Reliance Industries lifted sentiment. The S&P BSE Sensex jumped 545 points, or 0.95 per cent, to end at 58,116, while the Nifty50 reclaimed the 17,300-mark to close at 17,340, up 182 points or 1 per cent.

M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan. On the downside, Sun Pharma, HUL, Nestle, TCS, HDFC, and Asian Paints were the laggards, down up to 2.5 per cent.

In the broader market, the BSE MidCap and SmallCap indices added 1.5 per cent each. Sectorally, the Nifty Auto index soared 3.3 per cent, and the Nifty PSB and Metal indices 1.5 per cent each. The Nifty Pharma index was the only loser, down 0.08 per cent.

Global check

European stocks were muted on Monday to begin the new month, with investors digesting a fresh round of corporate earnings. The pan-European Stoxx 600 hovered fractionally above the flatline by mid-morning, with banks adding 1.9 per cent.

On Wall Street, on the other hand, was suggesting a negative start with futures of all three main indices down 0.3 per cent each. 

Earlier in Asia, Nikkei gained 0.7 per cent, while Kospi was flat with positive bias.