The market ended with gains for seven consecutive day. The Sensex closed up 414.04 points or 1.5 percent at 27730.21 and the Nifty was up 128.15 points or 1.6 percent at 8353.10. About 1725 shares advanced, 984 shares declined, and 152 shares were unchanged. Banks rallied on rate cut hopes driven by good monsoon. Axis Bank, ICICI Bank, Infosys, HDFC and SBI were top gainers in the Sensex. Among the losers were Bharti Airtel, Lupin, Reliance, M&M and ONGC. 03:10 pm Big buzzing: Shares of Indiabulls Real Estate rose 29 percent intraday on Monday.
The Indian rupee firmed up against the dollar and trading higher at 63.42 compared to the previous close of 63.82 tracking strong gains in domestic equities.
Shares of ICICI Bank, HDFC, HDFC Bank, Axis Bank, Tata Motors, SBI, BHEL and Tata Steel rose 2-4 percent. However, Bharti Airtel dropped 2 percent followed by Reliance Industries, Wipro, ONGC and M&M with marginal losses.
In the banking pack, ICICI Bank, HDFC Bank, Axis Bank and SBI were up 2-4% each while mortgage lender HDFC was up 2.4%.
Infosys was up 1.4%. The company's annual general meeting will be held later in the day sans its founding members. TCS was up 1.5%.
Tata Motors gained 2.4% after the company registered sales of 3,000 GenX Nanos in one month.
Tata Steel was up over 2% after employees of its UK subsidiary called off the one day strike scheduled for June 22 and has decided to negotiate on the pension scheme.
Lupin was marginally up. The stock was included in the 30-share Sensex, replacing private sector electricity producer Tata Power.
Dr Reddy's Laboratories was up 1.4% after the launch of HAiROOTZ, the first hair growth supplement to be marketed in India as an over-the-counter (OTC) product by the company.
The Indian rupee firmed up against the dollar and trading higher at 63.42 compared to the previous close of 63.82 tracking strong gains in domestic equities.
Shares of ICICI Bank, HDFC, HDFC Bank, Axis Bank, Tata Motors, SBI, BHEL and Tata Steel rose 2-4 percent. However, Bharti Airtel dropped 2 percent followed by Reliance Industries, Wipro, ONGC and M&M with marginal losses.
In the banking pack, ICICI Bank, HDFC Bank, Axis Bank and SBI were up 2-4% each while mortgage lender HDFC was up 2.4%.
Infosys was up 1.4%. The company's annual general meeting will be held later in the day sans its founding members. TCS was up 1.5%.
Tata Motors gained 2.4% after the company registered sales of 3,000 GenX Nanos in one month.
Tata Steel was up over 2% after employees of its UK subsidiary called off the one day strike scheduled for June 22 and has decided to negotiate on the pension scheme.
Lupin was marginally up. The stock was included in the 30-share Sensex, replacing private sector electricity producer Tata Power.
Dr Reddy's Laboratories was up 1.4% after the launch of HAiROOTZ, the first hair growth supplement to be marketed in India as an over-the-counter (OTC) product by the company.
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