Mumbai: The stock market was in the lead on Monday. The Sensex climbed 195 points and the Nifty closed 67 points higher. The main reason for this was the rise in the shares of Reliance, Infosys and TCS amid positive trend in international markets and inflow of foreign capital. The BSE Sensex rose to a high of 44,271.15 points on the day with the index of 30 companies. It finally ended at 44,077.15 points with a gain of 194.90 points or 0.44 percent.
Similarly, the Nifty of the National Stock Exchange closed at 12,926.45 points with an increase of 67.40 points, or 0.52 percent.
ONGC’s share in the Sensex gained seven per cent. Apart from this, IndusInd Bank, Infosys, Tech Mahindra, Reliance Industries, HCL Technologies and TCS also benefited. On the other hand, HDFC, ICICI Bank, Axis Bank, SBI and Mahindra & Mahindra were the biggest losers.
Narendra Solanki, head of stock research at Anandi Rathi firm, said that the business in the Indian market was also on the upward trajectory, based on the positive trend of the global markets. Rising expectations about the Corona virus vaccine and the news of successful trials of potential vaccines have given the market a new hope.
