Mumbai: Sensex rose over 700 points in early trade today led by gains in banking stocks. The rise in the equity market came despite India reporting 3,52,991 new coronavirus cases and 2812 deaths in last 24 hours.
Sensex gained 750 points to 48,634 and Nifty climbed 216 points to 14,557. Top Sensex gainers were ICICI Bank, Axis Bank and Ultratech Cement rising up to 5%. Top Sensex losers were HCL Tech, Tech Mahindra and Sun Pharma falling up to 2.75%.
On Friday, the 30-share index fell 202 points to 47,878 and Nifty lost 64.80 points to 14,341, tracking losses in consumer durables and IT stocks.
Top sectoral gainers in today’s trade were banking, auto and consumer durables stocks. BSE bankex was trading 929 points higher at 36,952. Bank Nifty too rose 732 points to 32,459 in trade today.