Sensex, Nifty gain nearly 1% as stocks extend winning run to 3rd day

Benchmark stock indices rose for a third straight day on Monday on buying in IT, banking and FMCG shares triggered by gains in global equities following easing inflation concerns.

The 30-share BSE Sensex jumped 433.30 points or 0.82% to settle at 53,161.28. During the day, it rallied 781.52 points or 1.48% to 53,509.50.

The NSE Nifty also gained 132.80 points or 0.85% to close above the 15,800 level at 15,832.05.

Among the Sensex pack, Larsen & Toubro, HCL Technologies, Infosys, Tech Mahindra, IndusInd Bank, Asian Paints, Bharti Airtel and Tata Steel were the biggest gainers.

On the other hand, Kotak Mahindra Bank, Reliance Industries Limited and Titan were the laggards.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the green following sharp gains in US markets on Friday.

European markets were also trading in the green in mid-session deals.

The Sensex had climbed 462.26 points or 0.88% to settle at 52,727.98 on Friday. The Nifty gained 142.60 points or 0.92% to settle at 15,699.25.

Meanwhile, international oil benchmark Brent crude dipped 0.13% to $112.93 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth ₹2,353.77 crore on Friday, as per exchange data.