Another Bull Run is Here | Nifty Re Claimed 18050

Another Bull Run is Here | Nifty Re Claimed 18050

New Delhi: Benchmarks for Indian equities extended their gains for a second consecutive session on Monday, spurred by  strong  interest in buying banking and financial stocks. National indexes hit their highest level in more than two and a half months after mortgage lender HDFC announced plans to merge with private lender HDFC Bank.

The 30-stock BSE Sensex climbed 1,335 points or 2.25% to close at 60,612, while the broader NSE Nifty moved 383 points or 2.17% higher to close at 18,053. small and mid caps ended strongly, with the Nifty Midcap 100 index falling 1.63% and small caps 1.62%.

The 15 sector indicators compiled by the national stock exchange ended in  green.Nifty Bank and Nifty Financial Services outperformed the index  rising 4% and 4.67% respectively. 9.83%, respectively, after the announcement of the merger. Adani Ports, HDFC Life and Kotak Mahindra Bank were also among the winners

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