WION Web Team Mumbai, Maharashtra, India
Mar 12, 2018, 12.37 PM
The markets during the closing on Monday posted its biggest intraday gain in approximately 1.5 years.
The benchmark BSE Sensex spurted by 611 points — its biggest single-day gain since March 2016 — to finish at one-week high of 33,917.94 following a relief rally in global markets on growing prospects of the US economy.
Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months.
About 1380 shares advanced, 1341 shares declined, and 210 shares were unchanged, on Monday.
Investors lapped up recently battered metal, oil & gas, FMCG, banking, power, infrastructure, IT, auto, and capital goods stocks amid fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours today, brokers said.
After opening on a strong footing, the Sensex advanced to hit a high of 33,962.48 on the back of fresh buying by domestic funds and retail investors.
However, later it declined to touch as the day's low of 33,468.16 before closing at 33,917.94, up by 610.55 points, or 1.83 per cent. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35.
The broader Nifty finished at 10,421.40, up 194.55 points, or 1.90 per cent. It touched a high of 10,433.65 points in day trade.