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Stock Market Updates: Sensex Jumps 450 Points, Nifty Above 22,250; IREDA Up 10%

Tracking a rebound in Asian markets, domestic benchmark indices Sensex and Nifty rose on Monday.

Equity benchmark indices opened in green on Monday with the BSE Sensex rising 400 points to 73,486 and the NSE Nifty50 advancing by 126 points to 22,278.

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Axis Bank, Tata Steel, Bajaj Finance, Ultratech Cement, Kotak Bank, ICICI Bank, Wipro and L&T led the gains on the Sensex, while HDFC Bank, JSW Steel were among the losers.

On other hand, BPCL and Coal India were among top gainers on NSE Nifty 50 while Mahindra and Mahinrda were among the top losers.

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The broader markets opened strong with both the BSE MidCap and SmallCap indices gaining 0.96 and 1.20 per cent respectively.

Nifty PSU Bank, Nifty Realty, Nifty Healthcare and Nifty Consumer Durables lead sectoral gains on the NSE.

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Global Cues

In Asia, all key benchmark indices in the region were ruling in the positive territory. The gains were led by ASX200 of Australia, and Hang Seng of Hong Kong, which were up 1 per cent each.

Futures of the S&P 500, meanwhile, rose 0.3 per cent. Nasdaq 100 futures gained 0.4 per cent, while those for the Dow Jones Industrial Average added 0.3 per cent.

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