Indian stock markets ended firm on Monday with Sensex topping the 60,000 mark. Nifty reclaimed the psychological level of 18,000 at the last half an hour of trade. Banks, financials and auto stocks were the show-stoppers in trade today. Globally, traders will be keeping a watch on inflation readings out of the United States and China this week as they try to assess the outlook for the world economy
Sensex, Nifty end higher for second day in a row
Indian benchmark indices closed 1% higher for the second day in a row on Monday. Sensex surged 650.98 points to 60,395.63 and Nifty reclaimed the crucial 18,000 level. BSE Midcap and Smallcap indices gained 0.5-1% in line with the benchmarks. ICICI Bank, HDFC, Infosys powered the rally in Sensex. Wipro, Nestle and Asian Paints were the biggest laggards.
Banks, financials and auto stocks were the best gainers.