Indian shares opened higher on Monday, tracking firm global cues as Treasury yields stabilized and signs of policy easing in China helped calm some of the recent jitters on slowing global growth.
The benchmark 30-share BSE Sensex rallied 224 points, or 0.4 percent, to 52,610 in early trade, while the broader NSE Nifty index was up 74 points, or half a percent, to 15,764.
Sandu Pharma jumped 14 percent after a bulk deal on the NSE.
Maruti Suzuki India rose over 2 percent on the price hike buzz.
Adani Ports edged up slightly on fund raising reports.
Federal Bank rallied 3.7 percent as the lender received RBI approval to re-appoint Sham Srinivasan as its MD and CEO for three years.
Ujjivan Financial Services soared 20 percent as Ujjivan Small Finance Bank said it would initiate steps for the amalgamation of the holding company with the bank. Shares of the latter surged 6.6 percent.
Equitas Holdings soared 20 percent and Equitas Small Finance Bank advanced more than 10 percent on merger news.
Sensex, Nifty Modestly Higher In Early Trade
2021-07-12 04:29:09
