Sensex Up 280 points To Breach 36,880 Levels, Nifty Conquers 10,800-mark, IndusInd Bank, RIL, Tata Steel Among Top Sensex Gainers

Reliance Industries rallied nearly 2 per cent to cross ₹12 trillion market capitalisation after it announced the sale of 0.15 per cent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore.

Representational Picture (AFP)

New Delhi, Jul 13: Domestic markets opened firm on Monday tracking global cues as the 30-stock index Sensex climbed 280 points to touch 36,880 levels while the broader index Nifty reclaimed the crucial 10,800-mark. Also Read: Russia Achieves Major Breakthrough In War Against Covid-19, Becomes First Nation To Successfully Complete Human Trials Of Coronavirus Vaccine Among the top gainers include IndusInd which rose over 2 per cent followed by RIL, Tata Steel, Infosys, TechM and SBI. Bharti Airtel and Bajaj Auto were top Sensex laggards. Shares of Reliance Industries rallied nearly 2 per cent to cross ₹12 trillion market capitalisation after it announced the sale of 0.15 per cent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. Of 30 Sensex shares, 28 were in the green at the opening session. Among the individual stocks, Avenue Supermarts fell 5 per cent after the announcement of its June quarter results. It owns and operates retail chain D-Mart and reported an 87.59 per cent decline in consolidated net profit at ₹40.08 crore for the June quarter as a result of covid-19 outbreak. On the other hand, Biocon Biologics opened 10 per cent higher on the back of emergency use authorisation (EUA) for its monoclonal antibody Itoliuzumab from the Drug Controller General of India (DCGI) to treat cytokine storms - one of the leading causes of death among patients with severe covid-19. Meanwhile, Asian markets opened strong on Monday with investors are betting on the US earnings season which would witness most companies beat forecasts as expectations are already dampened as a result of lockdown imposed by covid-19 outbreak. Australia's ASX All Ordinaries gained 0.85 per cent, China's Shanghai SE Composite Index rose 0.73 per cent. Hong Kong's Hang Seng jumped 0.50 per cent. Singapore's SGX Nifty climbed 0.6 per cent supporting a firm opening for Indian benchmark indices, according to business daily Mint.