Sensex surges 466 points to close at 36,487; Nifty ends above 10,750

(Representative image)

NEW DELHI: Equity indices finished higher on Monday with the becnhamrk BSE sensex rising over 500 points led by gains in financial, auto and metal stocks.
The 30-share BSE index surged 466 points or 1.29 per cent to close at 36,487; while, the broader NSE Nifty finished 156 points or 1.47 per cent higher at 10,764.
Top gainers in the sensex pack included M&M, Bajaj Finance, Reliance, Maruti, TCS, Tata Steel and HDFC Bank with their shares rising as much as 7.37 per cent.
On the NSE platform, sub-indices Nifty Auto, Realty and Metal gained as much as 2.89 per cent.
According to traders, domestic indices rallied on positive sentiment led by hopes of a Covid-19 vaccine, improving macroeconomic conditions and massive buying-interest in global benchmarks despite surging coronavirus cases across the world.
“While the case numbers are a deterrent for markets, data including manufacturing activity and car sales released last week indicated that we are coming back to normalcy,” KK Mittal, investment analyst at Venus India told news agency Reuters.
On the currency front, the rupee pared initial gains and settled 2 paise down at 74.68 against the US dollar even as the domestic equity market traded in the positive territory.
Meanwhile, foreign institutional investors turned net buyers in the capital market on Friday, purchasing equities worth Rs 857.29 crore, provisional exchange data showed.
(With agency inputs)