Sensex rises 379 pts, Nifty closes above 17,800; M&M gains 2.28%

Benchmark BSE Sensex rose by over 379 points while Nifty closed above the 17,800 level following gains in oil & gas, banking and auto shares on easing inflation concerns.

The 30-share BSE benchmark index advanced 379.43 points or 0.64 per cent to settle at 59,842.21, logging its third straight day of gains. During the day, it jumped 460.25 points, or 0.77 per cent to 59,923.03.

Extending its gaining streak to a sixth session in a row, the broader NSE Nifty climbed 127.10 points, or 0.72 per cent to close at 17,825.25 as 42 of its constituents advanced.

Easing inflation