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Markets end higher on India-US trade deal optimism; Sensex reclaims 84k-mark

Sensex rose 485 points and Nifty gained 174 on Monday, driven by optimism over the India-US trade deal, strong buying in PSU banks, consumer durables, and realty stocks, supported by foreign fund inflows

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PSU banks, consumer durables, realty stocks drive market rally. Representational Image

PSU banks, consumer durables, realty stocks drive market rally. Representational Image

Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks. The 30-share BSE Sensex jumped 485.35 points, or 0.58 per cent, to close at 84,065.75. During the day, the benchmark surged 734.28 points, or 0.87 per cent, to hit an intraday high of 84,314.68.

The 50-share NSE Nifty appreciated by 173.60 points, or 0.68 per cent, to settle at 25,867.30. During the session, the index climbed 228.55 points, or 0.88 per cent, to hit a high of 25,922.25. Among the 30-share constituents, State Bank of India, Titan, UltraTech Cement, Tata Steel, Eternal, Bharat Electronics Ltd, Kotak Mahindra Bank, IndiGo, Trent, Mahindra & Mahindra, Larsen & Toubro, Sun Pharmaceuticals, and Asian Paints were the gainers.

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