Domestic equity markets, forex, money and commodity markets will remain closed on Tuesday on account of Mahavir Jayanti.
On Monday, BSE Sensex and NSE Nifty reclaimed their psychological levels of 25,800 and 7,900, respectively, as investors lapped up Infosys’ upbeat revenue forecast and industry-beating net profit for January-March.
The 30-share index closed 189.61 points, or 0.74 per cent, up at 25,816.36, while the 50-share index settled 64.25 points, or 0.82 per cent, up at 7,9,14.70. Nifty settled above 7,900 for the first time since January 1.
Sentiments remained upbeat after wholesale prices fell for a 17th straight month in March, declining by an annual 0.85 per cent, driven down by tumbling prices of oil and manufactured goods. Further, recent rate cut by the Reserve Bank and hopes of a good monsoon have strengthened investors’ sentiment. However, depreciation in Indian rupee coupled with weak Asian cues capped the upside gains.