Sensex jumps over 400 Points, Nifty crosses 10,850

Sensex jumps over 400 Points, Nifty crosses 10,850

The Indian stock markets started the week on a positive note tracking gains among its peers in Asian shares.

The S&P BSE Sensex rose as much as 1.17 per cent or 429.87 points to touch 37,024.20 in early trade, having started the session up 286.33 points (0.78 per cent) at 36,880.66.

The broader NSE Nifty 50 benchmark climbed to as high as 10,894.05, after registering a gap-up opening just above the 10,850 mark compared to its previous close of 10,768.05.

Gains across sectors were led by financial stocks that pushed the markets in bullish territory.

Reliance Industries and Infosys were the top boosts to the Sensex, contributing more than 200 points to the gain in the index, reported Indian media.

Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, with financial stocks taking the brunt of the losses.

The NSE Nifty 50 index fell 0.42 per cent to 10,768.05 and the S&P BSE Sensex 0.39 per cent to 36,594.33. - [email protected]