Bull run continues for fifth day on buying in banking, IT shares
Rallying for the fifth day in a row, benchmark Sensex jumped 855 points to close above the 79,000 mark on heavy buying in banking and IT shares following strong quarterly results and foreign fund inflows.
The 30-share BSE Sensex jumped 855.30 points or 1.09 per cent to settle at 79,408.50 with 23 of its components ending in green. During the day, it surged 1,081.85 points or 1.37 per cent to 79,635.05.
The NSE Nifty climbed 273.90 points or 1.15 per cent to close at 24,125.55 as 39 of its constituents advanced and 11 declined.
In the five-day rally, Sensex jumped by 5,561.35 points or over 7 per cent and Nifty surged by 1,726.40 points, recouping all the losses triggered by imposition of reciprocal tariffs by US President Donald Trump tariffs on April 2.
Among Sensex scrips, Tech Mahindra, IndusInd Bank, Power Grid, Bajaj Finserv, Mahindra & Mahindra, HCL Tech, SBI, Kotak Mahindra Bank, Infosys, HDFC Bank and Reliance Industries were the biggest gainers.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity reached Rs 99,800 per 10 grams on Monday. Its value had declined Rs 20 to close at Rs 98,150 per 10 grams on Friday.
