Mumbai: The BSE Sensex rose 1.33 per cent on Monday as an improved global risk sentiment spurred buying in financial stocks such as top lender State Bank of India and recently dented blue chips stocks.
SBI rose 4.8 per cent; ICICI Bank added 2.6 per cent, while Reliance Industries ended up 1.42 per cent.
The broader 50-share NSE index also gained 1.33 per cent at 4,985.65. All BSE sectoral indices closed in positive terrain.
About 1718 shares have advanced, 984 shares declined, and 721 shares are unchanged.
Banking sector has outperformed the other sectoral indices. It was up over 2 per cent. SBI, PNB, Bank of India, Axis Bank and IDBI Bank gained 3-5 per cent.
C Jayaram, joint managing director of Kotak Mahindra Bank is positive on private sector banks. "Between the PSU banks and the private sector banks, there is a question of valuation versus comfort. At this point of time, the dice seems to be rolling in favour of the private banks. Since most investors are not looking to take great ways, they find greater comfort in the private banks," he elaborates.
Top gainers on the Sensex were SBI at Rs 2,100.35 up 4.76 per cent, BHEL at Rs 217.10 up 4.17 per cent, Tata Power at Rs 92.55 up 3.81 per cent, Hindalco at Rs 114.95 up 2.82 per cent and Tata Motors at Rs 276.60 up 2.69 per cent.
Top losers on the Sensex were GAIL at Rs 327.50 down 2.62 per cent, ONGC at Rs 253.50 down 1.4 per cent, Maruti Suzuki at Rs 1,103.70 down 1.2 per cent, HUL at Rs 417.50 down 0.82 per cent and Jindal Steel at Rs 454.15 down 0.5 per cent,
Most active shares on BSE were SBI, Wockhardt, Jubilant Food, Reliance and Shalimar Paints.
Top percentage gainers on the BSE - Piccadilly Agro, KELTECH Energ, Electrotherm, Bhandari Hosier and Take Solutions were up 19-20 per cent.
Top percentage losers on the BSE - HDFC Warrants, Ramky Infra, KLRF, Cravatex and Dhruva Capital were down 10-18 per cent.
Top gainers on the BSE Midcap - Bombay Dyeing, Jubilant Food, Infotech Enter, Guj Mineral and Nat Fert were up 6-7 per cent.
Top losers on the BSE Midcap - Pidilite Ind, S Mobility, Nava Bharat Ven, Bajaj Electric and Torrent Pharma were down 2-3 per cent.
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