Top performers had been PowerGrid, ONGC, Ultratech Cement, Asian Paint, Kotak Bank and Titan.
Nifty settled with a acquire of 232.40 points at 14,761.55.
The benchmark BSE Sensex surged almost 750 points and NSE Nifty rallied over 232 points on Monday as investors cheered the home financial system returning to optimistic territory after two quarters of contraction.
The 30-share BSE index briefly traded above the 50,000-mark throughout the mid-session, earlier than ending at 49,849.84, exhibiting an increase of 749.85 points or 1.53 per cent.
Likewise, the NSE barometer Nifty settled with a acquire of 232.40 points or 1.60 per cent at 14,761.55.
Of the Sensex constituents, 29 closed with good points.
Top performers had been PowerGrid, ONGC, Ultratech Cement, Asian Paint, Kotak Bank and Titan – rising as a lot as 5.94 per cent.
After two consecutive quarters of contraction, the Indian financial system has lastly entered an expansionary path.
The Gross Domestic Product (GDP) grew 0.4 per cent within the October-December 2020 interval in contrast with the identical interval a 12 months again, data launched by the National Statistics Office on Friday confirmed.
Analysts mentioned, the high-frequency indicators had been pointing in direction of the truth that the home financial system is slowly getting into the restoration path.
On Friday,the BSE Sensex had crashed 1,939.32 points or 3.80 per cent – its worst one-day fall since May 4 final 12 months.
Similarly, the broader NSE Nifty had plunged 568.20 points or 3.76 per cent – its greatest single-day drop since March 23 final 12 months.
Foreign investors had offered equities value Rs 8,295.17 crore on a web foundation on Friday, as per alternate data.
Elsewhere in Asia, bourses closed considerably increased amid some stability in bond markets after final week’s turmoil.
Further, progress within the US stimulus bundle additionally lent some help to investor sentiments globally.
In the foreign exchange market, the rupee dropped 8 paise to finish at 73.55 in opposition to the US greenback.
Photograph: Shailesh Andrade/Reuters