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Sensex rallies nearly 500 points on Monday

Sensex rallies nearly 500 points on Monday

India Blooms News Service | 11 Jul 2016, 10:45 pm
Mumbai, Jul 11 (IBNS): Indian markets closed on a high note on Monday, with the equity benchmarks recording fresh 2016 closing highs, according to media reports.

Sensex rallied 499.79 points to 27626.69 and Nifty went up 144.70 points to 8467.90 on Monday, largely based on value buying and positive global cues.

Asian markets closed higher following election results in Japan and Australia and digested the news that strong US jobs report might push the Federal Reserve closer to hiking rates, media reported.

Some of the leading stocks that gained on Monday were Adani Ports, Coal India, Tata Motors, Hero Motocorp, Lupin, Bank of Baroda, HDFC Bank and ICICI Bank while HCL Technologies, Axis Bank and IndusInd Bank ended among the losers.

 

Image:Wikimedia Commons

Sensex rallies nearly 500 points on Monday

India Blooms News Service
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