ITC, HUL, ICICI Bank help lift Sensex 327 pts; Nifty tops 15800; metals dip

CLOSING BELL: The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent

CLOSING BELL

Stock market highlights: Equity markets snapped their 3-day losing run to end higher on Monday. The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent.

Led by FMCG and financials, the BSE Sensex gained 327 points, or 0.72 per cent, to settle at 53,235. The NSE Nifty50, on the other hand, closed at 15,835, up 83 points or 0.53 per cent.

HUL, Britannia Industries, IndusInd Bank, ITC, Power Grid, and ICICI Bank were the top gainers on the 50-pack index today, up between 2 per cent and 4 per cent. On the flipside, ONGC, Tata Steel, TCS, JSW Steel, and Cipla were the laggards, down up to 4 per cent.

ALSO READ: Markets unlikely to bottom out soon amid recession fears, says Nomura

In the broader markets, the BSE MidCap and SmallCap indices gained 0.8 per cent and 0.6 per cent, respectively. IDFC First Bank, Gujarat Gas, Trent, R Systems International, Jubilant Industries, Automotive Axles, and Alembic were the lead gainers, rallying up to 20 per cent.

Among sectors, the Nifty FMCG advanced 2.6 per cent, while the Nifty Metal slipped over 1 per cent. 

Sectors on radar
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Global cues

European stocks climbed on Monday with the pan-European Stoxx 600 index adding 0.6 per cent. In Asia, Japan's Nikkei added 0.8 per cent, and South Korea's Kospi fell 0.22 per cent. Meanwhile, European markets are closed today on account of Independence day holiday.