Strong global mood, positive early Q3 results, and softening crude oil prices propelled domestic markets higher in Monday’s trade.
Key indices Nifty50 advanced over 100 points to trade above 18,150 levels, whereas the S&P BSE Sensex jumped over 450 points to trade around 61,090 levels.
Broader markets, meanwhile, were mixed as Nifty MidCap 100 Nifty SmallCap 100 indices saw marginal gains.
Sectorally, Nifty Bank index gained the most, up to 0.8 per cent. However, Nifty FMCG and Nifty Realty indices were subdued in trade.
On the flipside, shares of YES Bank tanked 12 per cent on the back of heavy volumes, which followed weak December quarter (Q3FY23) results. READ MORE
The domestic currency appreciated 18 paise to hit 10-week high at 80.94/$ as against Friday’s close of 81.12/$.
