India’s stocks, bonds and currency markets are closed on Tuesday on the occasion of Maha Shivratri. The trading in the stock markets will resume on Wednesday. The broader NSE index rose 0.81 percent to 10,539.75 on Monday, while the benchmark BSE index gained 0.87 percent to 34,300.47. The benchmark 10-year bond yield rose 1 basis point to 7.50 percent, while the rupee strengthened to 64.3050/64.3150 from its 64.3975 close. Meanwhile, yesterday shares of heavyweight companies such as HDFC twins, RIL drove Sensex to log a 295-point gain on with Nifty ending near 10,500 while shares of Tata Steel and Bank of Baroda rose up to 9 percent.
The S&P BSE Sensex gained 294.71 points or 0.87 percent to finish at 34,300.47 and NSE Nifty jumped 84.8 points or 0.81 percent to conclude at 10,539.75. Shares of Tata Steel, Bank of Baroda, Marico, Bajaj Finserv, PNB, Power Grid, Yes Bank, IndusInd Bank, UPL and BHEL advanced 2-9 percent. A market-wide recovery was seen in the Indian equities as all the broader indices and nine sectoral indices settled in green. Among the A group of shares on BSE, stocks of L&T Technology Services, Shipping Corporation of India emerged as the top gainers surging 10-12% while the stock of Fortis Healthcare, Hexaware Technologies lost 3-6 percent.