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Sensex jumps 367 points to 62,915 at start of trade; Clever up to 75 points at 18,609

The 30-stock Sensex BSE jumped 367.98 points to 62,915.09 in early trading.


Benchmark Sensex and Nifty stock indices rose in early trading on Monday, extending their rally from the day before, amid an upbeat trend in global markets.

The 30-stock Sensex BSE jumped 367.98 points to 62,915.09 in early trading. The NSE Nifty advanced 75.35 points to 18,609.50.

Among the Sensex pack, Axis Bank, Mahindra & Mahindra, ICICI Bank, Power Grid, Tata Motors, Sun Pharma, Larsen & Toubro, ITC, UltraTech Cement and NTPC were the top winners.

Tech Mahindra, Asian Paints, Hindustan Unilever and IndusInd Bank are lagging behind.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.

US markets ended sharply higher on Friday.

US President Joe Biden on Saturday signed legislation that raises the national debt ceiling, averting an unprecedented default on federal government debt.

U.S. stocks jumped on Friday, with the Dow Jones Industrial Average closing 701 points, after the May jobs report showed the labor market is in surprisingly strong shape despite aggressive monetary policy tightening in the US. the Federal Reserve over the past year and as investors applauded the Senate passes the debt ceiling bill,” said Deepak Jasani, Head of Retail Research, HDFC Securities .

The global oil benchmark, Brent, jumped 1.17% to $77.02 a barrel.

Foreign Institutional Investors (FIIs) unloaded shares worth Rs 658.88 crore on Friday, according to data from the exchange.

The Sensex climbed 118.57 points or 0.19% to settle at 62,547.11 on Friday. The Nifty advanced 46.35 points or 0.25% to end at 18,534.10.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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