Indian Markets end higher by 2% on Monday led by Reliance Industries - LuvKush Finserve

Benchmark share indices ended nearly 2% higher on Monday led by index heavyweight Reliance Industries after the company and its partners announced a significant gas and condensate discovery in the KG D6 block. The Sensex ended at 20,031 up 326 points and the Nifty ended at 6,083 up by 100 points.

All eyes are on India's gross domestic product (GDP) growth number, to be released on Friday. BSE Consumer Durable and Oil & Gas indices surged by nearly 3% each followed by counters like Metal, TECk, Power, Healthcare, Banks, Realty and IT, all gaining between 1-2% each. Infact, all the major BSE sectoral indices ended in green zone.

Index heavyweight RIL was the top Sensex gainer, up over 5%. Sun Pharmaceutical Industries moved higher by nearly 5% ahead of its Q4 results that will be announced today. Bharti Airtel gained by over 3% after the company reclaimed top position as the largest operator in the rural sector.

Other notable gainers were Jindal Steel, Hindalco, Sterlite, HDFC, Tata Motors, BHEL and HDFC Bank, all gaining between 2-4%. On the losing side, Cipla, M&M and Maruti Suzuki declined between 1-2%. The broader indices ended positive. BSE Midcap and Smallcap indices gained by 1% each.

Source : Equity Bulls

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