Sensex gain 760 points and the Nifty settles above 16,250

For the second straight session, Indian equity indices increased their gains on Monday, with advances in technology, bank, and metal sectors being the main drivers. Following a rebound on Wall Street at the conclusion of last week, Asian equities rose. U.S. stock futures maintained their upward trend today as an increase in retail sales in America in June helped investors’ confidence.

At home, the NSE Nifty rose 229 points or 1.43 percent to close at 16,279, while the 30-share BSE Sensex advanced 760 points or 1.41 percent to conclude at 54,521.

Mid- and small-capitalization equities had a good last day, with the Nifty Midcap 100 rising 1.40 percent and the small-cap index rising 1.59 percent.

The National Stock Exchange’s 15 sector gauges, which it collected, finished in the green in 13 of them. The NSE platform was outperformed by the sub-indices Nifty IT, Nifty PSU Bank, and Nifty Metal, which saw increases of up to 3.13 percent, 2.77 percent, and 2.49 percent, respectively.

Nifty FMCG and Nifty Pharma, on the other hand, both had declines of up to 0.15 and 0.9%, respectively.

The top Nifty gainer in terms of individual stocks was Hindalco, whose share price climbed 4.75 percent to 367.20. Bajaj Finserv, Infosys, Tech Mahindra, and IndusInd Bank were also among the winners.

2,354 shares on the BSE climbed while 1,093 fell, resulting in a positive total market breadth.

With their shares rising as much as 4.34 percent, IndusInd Bank, Infosys, TechM, Bajaj Finserv, Axis Bank, UltraTech Cement, Kotak Mahindra Bank, Wipro, ICICI Bank, Bharti Airtel, Bajaj Finance, and Tata Steel were among the top gainers on the 30-share BSE index.

Dr. Reddy’s, HDFC Bank, M&M, Nestle India, Maruti, Hindustan Unilever, HDFC, and NTPC, on the other hand, had negative results.

Additionally, shares of Life Insurance Corporation of India (LIC), the largest domestic financial investor and insurer in the nation, declined 1.72 percent to close at 696.35.