Indian stocks were off to a flier on Monday reclaiming the 8,000 level on the
The Nifty surged 107 points to 8,058 points in early deals, its highest since August 28. The Advance-Decline Ratio was a robust 44/6 on the index. Tata Motors, HDFC, Tata Steel, ICICI Bank and Adani Ports were the top gainers while Maruti, Dr. Reddy's, ONGC, Coal India and HCL Tech were on the losing side.
TCS, Tata Motors, and HCL Tech were the most active shares on the National Stock Exchange.
Sentiment was upbeat in the broader markets as well with the CNX 100, CNX 200 and CNX 500 indices gaining more than 1.3 percent each. Benchmarks representing the small cap and the mid cap indices were in an uptrend as well. Banks and NBFCs led the sectoral space higher with the Bank Nifty, CNX Finance and the CNX PSU Bank indices jumping between 1.9-2.5 percent in early deals. Strong gains were also seen on CNX Auto, CNX IT and CNX Metal Indices.
The mood was equally bullish on the Bombay Stock Exchange where the Sensex jumped 364 points, or 1.4 percent, to 26,585 points. ICICI Bank, Axis, Bajaj Auto and Wipro were the top gainers while Coal India, ONGC and GAIL slipped in trade. The
Tata Motors, Larsen and TCS were the most traded stocks on the BSE.
All sector futures were trading in the green in the derivatives space with the strongest gains coming in on the banking, realty and textile stock futures. Power Finance Corp, OBC and Union Bank futures were the top gainers while Amtek Auto, Just Dial, Lupin and Pidilite dropped in trade. Futures of ICICI Bank and State Bank of India were in heavy demand.
Thermax Ltd., 8K Miles and Ramco Industries were seen on the volume buzzers list on the NSE.