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Indian benchmarks rally on Monday

India Blooms News Service | | Mar 21, 2016, at 09:46 pm

#Indian benchmarks rally on Monday

Mumbai, Mar 21 (IBNS) The Indian benchmarks posted gains on Monday, with the up 332.63 points at 25285.37 and Niftyup 99.90 points at 7704.25.

The government's announcement of a steep cut in interest rates on small savings schemes boosted the market sentiment.

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 232nd meeting held on Mar 7, 2016, the central Government on Monday, has approved 15 Foreign Direct Investment (FDI) proposals involving FDI of Rs 7261.6 crore and recommended one proposal for approval of CCEA involving FDI of Rs 6885 crore.

The leading gainers on Monday were HUL, SBI, L&T, HDFC, Ambuja Cements, UltraTech Cement, Bosch and Tata Motors.

Besides Lupin, BHEL, Hero MotoCorp, GAIL, Asian Paints and Coal India were some of the leading stocks that saw a decline in share price..

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