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Sensex gains for 3rd day, rises 433pts; Nifty holds 15,800; Zomato falls 6%

CLOSING BELL: Sectorally, the broad-based rally saw the Nifty Auto index ending with 2-per cent gain, and the Nifty Metal index with 1.6-per cent rally

MARKET LIVE | MARKET WRAP | Indian markets

SI Reporter  | New Delhi 


stock markets

Equity rallied for a third straight day on Monday as prospects of a slowing economic growth fanned hopes that global central banks may go slow on interest rate hikes.

The S&P BSE rose 433 points, or 0.82 per cent, to end at 53,161. The NSE Nifty50, meanwhile, added 132 points, or 0.85 per cent, to close at 15,832. Both the indices hit their respective intra-day highs of 53,509.50 and 15,927.45.

Coal India, ONGC, UPL, HCL Tech, L&T, Tech M, Hindalco, BPCL, Asian Paints, Infosys, and IndusInd Bank advanced between 2 per cent and 3 per cent, while Apollo Hospitals, Eicher Motors, HDFC Life, Kotak Bank, RIL, and Titan fell over half a per cent.

In the broader markets, the MidCap and SmallCap indices gained 1 per cent and 2 per cent, respectively. Sectorally, the broad-based rally saw the Auto index ending with 2-per cent gain, and the Metal index with 1.6-per cent rally.

Global markets
European stocks moved higher on Monday, continuing a positive trend seen at the end of last week's trading. The pan-European Stoxx 600 index added 1.1 per cent in early trade, with basic resources jumping 3.7 per cent to lead gains.

On Wall Street, Nasdaq Futures were up 0.6 per cent, while those of Dow Jones and S&P500 added between 0.3 per cent and 0.5 per cent. 

In Asia, Japan's Nikkei closed 1.4 per cent higher; South Korea's Kospi 1.5 per cent; and Hong Kong's Hang Seng 2.35 per cent. 


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