close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Sensex, Nifty rise 1%; energy stocks drive gains

File photo. Photograph:( Reuters )

PTI Mumbai, Maharashtra, India Mar 11, 2019, 04.22 PM (IST)

The Sensex and the Nifty rose more than 1 per cent on Monday, led by energy stocks, as expectations that Prime Minister Narendra Modi-led coalition would return to power after the general election boosted sentiment.

India's ruling party alliance was likely to come within a few seats of winning a simple majority in parliament at the general election set to start on April 11, a nationwide opinion poll has shown.

The Sensex closed up 1.04 per cent at 37,054.1. The Nifty ended 1.20 per cent higher at 11,168.05, its highest level since September.

Index-heavyweight Reliance Industries Ltd rose 2.9 per cent while Bharti Airtel Ltd was the top percentage gainer on the NSE index, jumping 8.13 per cent.

 

Story highlights

India's ruling party alliance was likely to come within a few seats of winning a simple majority in parliament at the general election set to start on April 11, a nationwide opinion poll has shown.