Sectoral indices ended in the green barring IT and PSU Bank, as bargain hunting continued. market rebounded sharply on Monday with the rising nearly 300 points after posting 3 percent loss in previous week, ahead of December factory and January CPI inflation data due later today. The rally was driven by positive global cues. All sectoral indices ended in the green barring IT and PSU Bank, as bargain hunting continued.
30-share BSE Sensex rallied 294.71 points or 0.87 percent to 34,300.47 and the 50-share NSE Nifty was up 84.80 points or 0.81 percent at 10,539.80.
“We feel global cues will continue to dominate market trend, in absence of any major event. Nifty may some bounce or consolidate further however sustainability at higher level seems difficult,European equities were sharply higher after posting their worst week in years. France CAC, Germany DAX and Britain FTSE were up 1.3-2 percent at the time of writing this article. US futures were higher by 1 percent, indicating positive opening on Wall Street while Asian markets closed mixed.
Back home, the Indian market will remain shut for Mahashivratri holiday.