Sensex Gains Over 300 Points, Nifty Above 10,850
The Sensex opened 166.2 points higher at 36,129.13 on Monday, and the Nifty at 10,853.20.
The S&P BSE Sensex opened at 36,129.13, up 166.2 points from the previous close - and the Nifty50 barometer of the National Stock Exchange up 47.75 points at 10,853.20.
In the morning, the 30-share index rose as much as 305.25 points to hit an intraday high of 36,268.18, and the Nifty50 jumped 72.8 points to touch 10,878.25.
Tata Motors (up 4.01 per cent), Vedanta (up 3.32 per cent), PowerGrid (up 3.23 per cent), NTPC (up 2.51 per cent) and ICICI Bank (up 1.71 per cent) were the top Nifty gainers.
On Friday, foreign portfolio investors bought while domestic institutional investors sold net equities worth Rs. 861.94 crore and Rs. 302.52 crore respectively, provisional data from the NSE showed. The Sensex had closed at 35,962.93 and the Nifty50 at 10,805.45 in the last session.