Sensex rises 416 pts; financial stocks steal the show
Equity benchmark Sensex settled 416 points higher on Monday, led by gains in financial stocks as RBI’s Rs 50,000-crore stimulus to mutual funds and positive cues from global markets buoyed investor sentiment. Though, after rallying over 700 points during the session, the BSE gauge pared some of its intra-day gains. The 30-share index finally settled 415.86 points or 1.33 per cent higher at 31,743.08. Similarly, the NSE Nifty closed 127.90 points, or 1.40 per cent, to 9,282.30. IndusInd Bank was the top gainer in the Sensex pack, rallying over…
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