Buying in blue-chip ICICI Bank shares, strong trend in Asian peers and continued buying by domestic institutional investors brought back the boom in the stock markets in early trade on Monday.
At 10:37 am, the Sensex gained 843.69 (1.06%) points to reach the level of 80,245.98. On the other hand, the Nifty was seen trading at the level of 24,384.20, up 203.41 (0.84%) points. All the benchmark indices closed with a decline last week.
Out of the 30 Sensex stocks, ICICI Bank rose nearly 3 per cent. The private sector bank reported a 14.5 per cent rise in standalone profit to Rs 11,746 crore in the second quarter ended September 2024.
State Bank of India, IndusInd Bank, Infosys, HCL Technologies, Asian Paints and Hindustan Unilever were other big gainers.
JSW Steel, Larsen & Toubro, Power Grid and ITC were among the laggards. Asian markets ended higher with Seoul, Tokyo and Shanghai trading higher, while Hong Kong was trading lower. US markets ended mixed on Friday.
