Benchmark share indices ended higher Monday led by software majors along with index heavyweight Reliance Industries and telecom major Bharti Airtel..
The 30-share Sensex provisionally ended at 15,966 up 227 points or 1.4% and the 50-share Nifty ended at 4,776 up 62 points or 1.3%.
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(Updated at 14:35PM)
Markets extended gains on sustained buying by investors. POsitive cues from Asian peers also helped to cheer sentiments. The Sensex touched a high of 15,969 - up 230 points. Nifty was up 65 points at 4,779.
Markets are likely to be volatile this week as traders roll over positions in futures & options (F&O) segment on Thursday.
Elsewhere in Asia, Nikkei surged 1% to 8,479 as it tried to catch up with the global rally after Friday's holiday. Meanwhile, Seoul Composite and Shanghai Composite dropped 0.5% each.
All the sectoral indices were in the green with IT index gaining 1.4% to 5,756. Realty, auto and power indices also moved up.
IT shares gained an increase in US November durable-goods orders. US is the biggest market for IT companies. TCS surged 2% to Rs 1,178. Infosys added 1.3% followed by Wipro - up 1%.
Telecom stocks moved up after TDSAT stayed DoT 3G roaming ban order and said no coercive steps should be taken against companies until order. Idea shot up 4% to Rs 82 while Bharti surged 3% to Rs 341. Reliance Communications was up 4% at Rs 70.
Amongst other shares, GVK has zoomed after reports that Singapore’s Changi Airport may take a stake inj GVK Airports for Rs 2,200 crore.
ARSS Infrastructure Projects is locked in 5% upper circuit at Rs 115.75 for the second straight session after its board approved the proposal of Corporate Debt Restructuring System (CDR System).
Reliance Communication has gained by 2.2% at Rs 68 on reports that the company is in the final stages of talks to sell its tower unit.
Pantaloon Retail and Lovable Lingerie have gained between 1-2% on short covering.
IRB Infra has gained 1%. NHAI has terminated concession agreement of four laning of Goa/Karnataka border to Panaji.
