The NSE Nifty 50 index was up 0.57% to 18,219.80, while the S&P BSE sensex was up 0.50% to 61,255.21 . Last week, the benchmark indices gained nearly 2% each, the third weekly increase in a row .
BENGALURU (Bengarita): On Monday, markets soared, thanks to significant increases in heavyweight State Bank of India and consumer stocks, which were bolstered by solid earnings results.As of 0351 GMT, the NSE Nifty 50 index was up 0.57% to 18,219.80, while the S&P BSE sensex was up 0.50% to 61,255.21.Last week, the benchmark indices gained nearly 2% each, the third weekly increase in a row.In early trades on Monday, Niftys FMCG, automobile, and public sector bank indices were among the top performers, climbing between 1% and 5%.
Despite their quarterly results, state-run Coal India Ltd and paytm, a digital payments firm, saw increases of more than 1%.Further boosting sentiment, preliminary data from the National Stock Exchange revealed that foreign institutional investors purchased net of $175.20 million equities on Friday.