Sensex Jumps Over 700 Points, Nifty At 17,300; Tech Mahindra, Wipro Among Top Gainers

New Delhi: The Indian equity benchmarks on Monday started on a higher note in opening trade, led by support from positive global markets. At 10 am, the BSE Sensex was up 730 points at 57,940, while the NSE Nifty was at 17,326, higher by 224 points.

Midcap and smallcap shares were positive as Nifty Midcap 100 index was up 1.53 per cent and smallcap shares were trading 1.50 per cent higher.

Among 30-share Sensex platform, Asian Paints, Infosys, Wipro, IndusInd Bank, Tata Steel, Bajaj twins, Infosys, Tech Mahindra, HCL Tech, Ultratech Cement, Dr Reddy’s, Titan, and SBI were the top gainers, up between 1.5 per cent and 3 per cent. On the Nifty, ONGC, Divis Labs, Britannia, BPCL, and UPL were the additional gainers, according to a report in PTI.

On the flip side, IndusInd Bank, L&T, Coal India, and NTPC were the sole losers on the bourses.

Tech Mahindra was the top gainer in the Sensex pack, rising 2.85 per cent, followed by Wipro, Bajaj Finance, Asian Paints, Bajaj Finserv, Ultratech Cement and Infosys.

On the other hand, NTPC, IndusInd Bank and L&T were the laggards.

In the previous session, the BSE index finished 76.71 points lower at 57,200.23. Similarly, the broader NSE Nifty slipped 8.20 points to 17,101.95.

Elsewhere in Asia, bourses in Hong Kong and Tokyo were trading with gains in mid-session deals. Asian share markets made guarded gains ahead of a week that is may see a rise in UK interest rates and mixed reports on US jobs and manufacturing, while surging oil prices add to worries over inflation.

Meanwhile, markets in China and South Korea are closed for a holiday.

International oil benchmark Brent crude rose 1.31 per cent to $91.21 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 5,045.34 crore Friday, according to provisional data.

Meanwhile, Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22 later in the day.