Sensex, Nifty rally; IndusInd Bank zooms 4.95 per cent, Bharti Airtel gains 4.92 per cent

Sensex closed Monday's session up by 704.37 points or 1.68 per cent from Friday’s close to end the session at 42,597.43 levels while Nifty was up by 197.50 points or 1.61 per cent at 12,461.05 levels.

In today’s trading session, the telecom and the banking stocks turned out to be the major gainers.

In the global markets, Asian indices such as Nikkei index, KOSPI, Hang Seng, and Shanghai index rose by 2.12 per cent, 1.27 per cent, 1.18 per cent and 1.86 per cent, respectively. Meanwhile, European indices such as DAX, FTSE 100, and CAC 40 were also seen trading in positive, up by 1.85 per cent, 1.34 per cent and 1.59 per cent, respectively.

The top Sensex gainers included IndusInd Bank that went up by 4.95 per cent, Bharti Airtel gained by 4.92 per cent, ICICI Bank zoomed by 4.92 per cent, Axis Bank strengthened by 4.31 per cent while Power Grid surged by 3.08 per cent.

Top Sensex losers consisted of ITC that went down by 0.66 per cent, Maruti Suzuki slipped 0.52 per cent while Bajaj Finserv declined by 0.07 per cent.

In the broader markets, BSE Small-Cap index and BSE Mid-Cap index increased by 0.57 per cent and 1.01 per cent, respectively.

All the sectoral indices on BSE were trading in green except BSE Healthcare, which was down by 0.10 per cent.

BSE Telecom Index was the best performing sectoral index, gaining by 3.81 per cent; BSE Bankex and BSE Finance went up by 2.78 per cent and 2.09 per cent, respectively. BSE Metal and BSE Consumer Durables gained by 2.10 per cent and 1.94 per cent, respectively while BSE Power and BSE Realty were up by 2.29 per cent and 1.52 per cent, respectively.