Sensex reclaims 60k-mark, Nifty rises 120 points

The benchmarks started the week on a positive note Sensex It regained the 60,000 mark on Monday as strong quarterly earnings reported by leading companies and bearish movement in crude oil prices boosted investor sentiment.

In unexpected trading, the 30-share BSE Sensex jumped 401.04 points, or 0.67 percent, to reach the 60,000 level and close the session at 60,056.10. During the day, it reached highs of 60101.64 and 59620.11.

the widest NSE Nifty It closed at 17,743.40 points, up 119.35 points, or 0.68 percent.

According to experts, traders were also wary of weak global sentiment amid fears of slowing growth and interest rate hikes by major central banks.

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“The positive market sentiment in the local market has been boosted by the strong earnings announced by the heavyweights.

Vinod Nair, Head of Research at Geojit Financial Services, however, said, “However, the weak global sentiment raised some midstream concerns. But the banking sector played a major role in this upward trend, with major sector companies reporting strong earnings.”

Among the Sensex companies, WiproAnd Axis bankAnd TitanAnd UltraTech Cement And HDFC BankAnd HDFCAnd HCL technology And Accreditation They were the winners.

Shares of Reliance rose 0.35 percent after the company reported its highest quarterly level on Friday Net profit of Rs. 19,299 crore In January and March at noon Stronger profits from the oil and petrochemical business and steady growth in retail and telecom operations.

Bajaj FinanceAnd InfosysAnd Mahindra and Mahindra And Maruti They were among the defaulters.

Asian markets saw mixed trends. The Nikkei 225 rose 0.10 percent, while the Shanghai Composite and Hang Seng indices fell 0.78 percent and 0.58 percent, respectively.

European markets retreated, with France’s CAC down 0.17 percent, London’s FTSE 100 down 0.08 percent, and Germany’s DAX down 0.06 percent.

US markets ended mixed on Friday.

Meanwhile, global oil Brent crude benchmark It fell 0.21 percent to $81.49 a barrel.

Foreign Portfolio Investors (FPIs) Shares worth $2,116.76 crore were offloaded on Friday, according to exchange data.