Sensex, Nifty bounce almost 2% powered by rally in Reliance Industries, agency Asian markets

Benchmark fairness indices Sensex and Nifty rebounded sharply on Monday, surging almost 2 per cent, on heavy shopping for in Reliance Industries and a rally in Asian markets.

The BSE Sensex jumped 1,240.90 factors or 1.76 per cent to settle at 71,941.57. Through the day, it soared 1,309.55 factors or 1.85 per cent to 72,010.22.

The Nifty climbed 385 factors or 1.80 per cent to 21,737.60.

Among the many Sensex corporations, Reliance Industries jumped almost 7 per cent, contributing probably the most to the rally in markets.

Tata Motors, Energy Grid, Larsen and Toubro, Kotak Mahindra Financial institution, NTPC, Titan and UltraTech Cement had been the opposite main gainers.

ITC, Infosys, JSW Metal, Tech Mahindra and Tata Consultancy Companies had been the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong settled within the optimistic territory whereas Shanghai ended decrease.

European markets had been buying and selling principally decrease. The US markets had ended on a blended be aware on Friday.

International oil benchmark Brent crude declined 0.18 per cent to $83.40 a barrel.

Markets had been closed on Friday on account of Republic Day.

On Thursday, the BSE benchmark declined 359.64 factors or 0.51 per cent to settle at 70,700.67 factors whereas the Nifty fell 101.35 factors or 0.47 per cent to 21,352.60 factors.

International Institutional Traders (FIIs) offloaded equities value ₹2,144.06 crore on Thursday, in line with trade knowledge.