Mumbai, Oct. 5 -- Benchmark equity indices Sensex and Nifty ended higher on Monday amid a buying rush after a spell of heavy selloff, as easing oil supply concerns and positive global cues boosted investor sentiment.
Softer-than-expected US jobs data reduced fears of further monetary tightening by the US Federal Reserve, leading to positive momentum across global markets.
The 30-share BSE Sensex jumped 472.77 points, or 0.66 per cent, to settle at 72,382.47.
The 50-share NSE Nifty climbed 133.80 points, or 0.60 per cent, to end at 22,555.75.
From the 30 Sensex firms, ITC, Eternal, Bharti Airtel, Bajaj Finance, Adani Ports, ICICI Bank, Reliance Industries and Larsen & Toubro were among the major winners. HCL Tech, HDFC Bank, Sun Pharma, Infosys and Asian Paints were among the laggards.
The BSE SmallCap Select index climbed 0.52 per cent and the MidCap Select index advanced 0.44 per cent.
Among the BSE sectoral indices, Telecommunication jumped 2.10 per cent, MidSmall Private Banks Quality Tilt 1.79 per cent, MidSmall Private Banks 1.67 per cent, FMCG 1.45 per cent, Services 1.05 per cent and Consumer Durables (0.82 per cent). Hospitals, Healthcare, IT and Insurance were the laggards.
The rupee depreciated 10 paise to close at 96.35 against the US dollar on Monday, as elevated oil prices and persistent foreign fund outflows kept the Indian currency range-bound near the critical 96 level against the US dollar.
In Asian markets, Japan's Nikkei 225 index jumped over 2 per cent, while the Hang Seng index ended marginally higher. Equity markets were closed in South Korea and Shanghai for holidays. Markets in Europe were trading on a mixed note. US markets ended higher on Friday.
Brent crude, the global oil benchmark, was up 0.19 per cent to $102.4 per barrel. FIIs offloaded equities worth Rs 9,484.22 crore on Thursday, according to exchange data.
Published by HT Digital Content Services with permission from Millennium Post.