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Sensex jumps 555 pts on value buying across sectors, strong GDP data

The Sensex rebounded 555 points to 80,364 and Nifty climbed 198 points to 24,625 on Monday after three sessions of losses. Gains in auto, IT and consumer durables drove the rally as India’s Q1 GDP growth of 7.8% boosted investor sentiment. Analysts said strong macro data and hopes of GST rationalisation supported the relief rally.

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Representational Image. File Pic

Representational Image. File Pic

 Benchmark BSE Sensex on Monday rebounded by nearly 555 points on value buying in IT, auto and consumer durables shares after three straight days of losses and strong macro data.

The 30-share Sensex jumped 554.84 points or 0.70 per cent to settle at 80,364.49 with 23 of its constituents ending higher and seven lower. The index opened with gains and later surged 597.19 points or 0.74 per cent to hit a high of 80,406.84.

The 50-share NSE Nifty spurted by 198.20 points or 0.81 per cent to close at 24,625.05.
Among Sensex firms, Mahindra & Mahindra, Tata Motors, Trent, Eternal, Asian Paints and Infosys were the major gainers.

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