Sensex gains by over 400 points; Infosys soars by nearly 10 per cent

Benchmark indices settled higher for another consecutive day with Sensex gaining by 419.87 points or 1.16 per cent to close at 36,471.68 while Nifty rose by 121.75 points or 1.15 per cent to settle at 10,739.95.

Shares of Infosys zoomed by 9.56 per cent per share to touch a new 52-week high on BSE. Earnings from the IT company that were better than expected and a nearly 11.4 per cent rise in its quarterly net profits along with securing deals worth US$ 1.74 billion during COVID-19 led to positive growth sentiments about the company.

Crude oil prices fell after the OPEC allies agreed to ease output curbs. Brent Crude price fell by 0.59 per cent to USD 43.53 per barrel while WTI Crude dipped by 1 per cent to USD 40.79 per barrel.

On Day 2 of its FPO, YES Bank was subscribed by about 26 per cent.

Sensex winners comprised Mahindra & Mahindra rallying by 3.43 per cent, Nestle India gaining by 3.22 per cent, IndusInd Bank increasing by 2.98 per cent, Kotak Mahindra Bank up by 2.47 per cent, HCL Technologies gaining by 2.02 per cent, Bajaj Finance up by 1.80 per cent, etc. Sensex losers included Tech Mahindra dropping by 2.54 per cent, ITC was declining by 2.34per cent, NTPC dipping by 1.36 per cent, Power Grid decreasing by 1.04 per cent, Titan Company falling by 0.88 per cent, ICICI Bank down by 0.29 per cent, Bharti Airtel down by 0.27 per cent etc.

Amongst BSE sectoral indices, the biggest gainer was IT index, up by 4.14 per cent while Telecom index was the biggest loser, down by 1.52 per cent. BSE small-cap index fell by 0.13 per cent whereas BSE mid-cap index rose by 0.71 per cent.