Stock market highlights: After starting lower amid weakness in global markets, domestic bulls came back in action on Monday lifted by shares of Reliance Industries, Bharti Airtel, ICICI Bank, HDFC Bank, L&T, and Tata Consultancy Services (TCS).
The S&P BSE Sensex, for instance, surged 330 points, or 0.52 per cent, to settle at 64,113 after it hit intraday low of 63,431. The Nifty50, on the other hand, closed at 19,141, higher by 94 points or 0.49 per cent, after hitting a low of 18,927.
Among the top large-cap gainers, BPCL soared 3.6 per cent, Ultratech Cement 2 per cent, and Reliance Industries 1.8 per cent. That apart, ONGC, Cipla, Adani Enterprises, SBI Life, Bharti Airtel, Grasim, IndusInd Bank, HDFC Bank, L&T, Kotak Bank, and ICICI Bank advanced between 1 per cent and 2 per cent.
On the downside, UPL, Tata Motors, maruti Suzuki, Axis Bank, Eicher Motors, Britannia Industries, NTPC, and Bajaj Auto fell up to 2.7 per cent.
The recovery was, however, muted in the broader markets where the BSE MidCap and SmallCap indices eked out gains of only 0.13 per cent and 0.06 per cent, respectively.
Sectorally, the Nifty Realty gained 2 per cent, followed by the Nifty Bank, and Financial Services indices, up 0.7 per cent each. On the contrary, the Nifty Auto index fell 0.9 per cent ahead of the October auto sales on Wednesday.
BS BFSI Summit: Market flows are in small and midcap, says S Naren Right now, flows are in small and midcap. But valuations are very high, said S Naren, CIO, ICICI Prudential Mutual Fund
TRACK LIVE UPDATES "Sensex zooms 330 pts, Nifty tops 19,100; RIL gains 2%, ICICI, HDFC Bank 1%")
