Indian shares ended a volatile session higher on Monday as bond yields fell, European stocks rebounded from Friday’s steep losses and U.S. stock futures pointed to a positive open later in the day.
Domestic stocks fell notably earlier in the day, mirroring weakness in other Asian markets after a Fed official said inflation risks may warrant higher interest rates by 2022, a year sooner than his colleagues’ projections.
The rebound in the second half of the session was led by heavyweights such as Reliance Industries and Adani Ports.
The benchmark 30-share BSE Sensex ended the session up 230.01 points, or 0.44 percent, at 52,574.46, while the broader NSE Nifty index rose 63.15 points, or 0.40 percent, to settle at 15,746.50.
Adani Ports surged 5.1 percent to extend its recovery for the second straight session after recent string of losses.
NTPC jumped 4 percent as it reported a three-fold jump in Q4 profit.
Bajaj FinServ, SBI and Titan Company all rose over 1 percent.
Reliance Industries rose 0.6 percent ahead of its AGM this week.
Sensex Rises 230 Points; Nifty Climbs Above 15,700
2021-06-21 11:01:49
