Share market HIGHLIGHTS: Sensex and Nifty — the benchmark indices of the domestic equity markets — extended gains led by healthy buying in all sectors led by PSU banks, pharma, IT, media and metal stocks. The BSE Sensex surged over 800 points to an intra-day high of 34,154.60 points, while the NSE Nifty jumped over 220 points to scale a high of 10,275.30 points on the NSE.
ICICI Bank shares zoomed over 11% after the bank reported strong numbers for the second quarter ended September. Tata Power shares closed 13% higher following reports that the Supreme Court has allowed for application to be made before CERC to amend PPA (power purchase agreement) as per High Powered Committee recommendations.
The BSE Sensex closed Monday’s trade 718.09 points or 2.15% higher at 34,067.40 points. ICICI Bank was the top index contributor, followed by Reliance Industries, LT, SBI, Tata Consultancy Services, Axis Bank, Infosys and itc. The Nifty of the NSE ended at 10,250.85 points, up 220.85 points or 2.20%. The Nifty PSU Bank index closed 7.99% higher.