Sensex climbs on RBIs support for MF

Sensex climbed by 415.86 points which is 1.333 per cent to be at the level of 31,743.08 while, Nifty rose by 127.90 points, which is 1.40 per cent to be at the level of 9,282.30 as RBI announced Rs 50,000 crore liquidity support for mutual funds. Post which, AMC stocks had gained by more than five per cent.

As less number of Coronavirus cases are emerging globally, along with various governments easing lockdown restrictions, the global indices were seen trading on a positive note which aided in pulling up the domestic indices. Shanghai index closed up by 0.25 per cent while, Japanese index Nikkei ended Monday, higher by 2.71 per cent. Hang Seng and KOSPI rose by 1.88 per cent and 1.79 per cent, respectively. FTSE 100 opened higher by 1.42 per cent while, DAX and CAC 40 were trading up by 2.52 per cent and 1.90 per cent, respectively.

Sensex saw 25 scrips advancing whereas, five declining. The list of gainers mostly included banking stocks such as IndusInd Bank-up by 6.33 per cent, Axis Bank-up by 5.74 per cent, Kotak Mahindra Bank rose by 5.15 per cent, SBI gained by 0.64 per cent along with other stocks, such as Nestle India-up by 3.31 per cent, Bajaj Finance rose by 3.45 per cent, HCL Technologies gained by 3.19 per cent, Hero MotoCorp was up by 2.26 per cent, etc. Declines in the Sensex basket included NTPC-down by 1.13 per cent, M&M-down by 1.12 per cent, HDFC Bank fell by 0.83 per cent, Bharti Airtel closed down by 0.48 per cent and ITC fell by 0.11 per cent.

Among sectoral indices, Bankex gained the most as it closed in green, up by 2.88 per cent followed by Realty and Healthcare, which went up by 1.66 per cent and 1.52 per cent, respectively. The only loser among the indices was Power index as it dropped by 0.33 per cent. Mid-Cap and Small-Cap indices gained by 1.44 per cent and 1.37 per cent, respectively.