Markets march higher on earnings, global cues; RIL, IT stocks lead charge

Equity benchmarks opened the week with robust gains on Monday as strong corporate results, supportive macroeconomic data and a bullish trend overseas turbocharged sentiment. Auto stocks were propelled by recovery in July sales numbers, while IT counters also saw brisk buying.

The Sensex rallied 363.79 points or 0.69 per cent to finish at 52,950.63, while the broader Nifty surged 122.10 points or 0.77 per cent to 15,885.15. Titan was the top gainer in the Sensex pack, spurting 3.25 per cent, followed by M&M, Reliance Industries, Axis Bank, TCS, Maruti, and Infosys.

HDFC gained 0.88 per cent after the country’s largest mortgage lender