Sensex, Nifty surged more than 1 percent on Monday, registering their fifth day of rally on the back of buying in banking and IT shares.
The domestic equity gauges Sensex and Nifty extended their winning run for the fifth straight session on Monday, with both the frontline indices surging over 1 percent, led by gains in banking and IT stocks amid strong quarterly earnings and sustained foreign fund inflows.
Sensex climbed 855.30 points or 1.09 percent to settle above the 79,000 mark at 79,408.50. It touched an intraday high of 79,635.05, rising as much as 1,081.85 points. The broader NSE Nifty rallied 273.90 points or 1.15 percent to close at 24,125.55.
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23,800 level – key level to watch
“The Nifty has finally broken out of the key hurdle at 23,800 after two months of consolidation. This opens up room for a move towards 24,250 initially, followed by 24,600,” said Ajit Mishra, Senior Vice President – Research, Religare Broking.
DATE . Apr/21/2025
