The Sensex and the Nifty rallied over 1.6 per cent in the mid-session on Monday on the back of a strong rupee indicating FII inflows.
At 1.15 p.m., the 30-share BSE index Sensex was up 350.19 points (1.72 per cent) at 20,749.61 and the 50-share NSE index Nifty was up 99.15 points (1.64 per cent) at 6,155.30.
All the broader and sectoral indices were in the green and the rally was led by capital goods (2.34 per cent), bank (2.22 per cent), FMCG (2.05 per cent) and oil & gas (1.74 per cent).
ITC, L&T, ONGC, HDFC Bank and ICICI Bank were the top five Sensex gainers, while the major losers were SSLT, Coal India, Cipla, Tata Power and Bajaj Auto.
The Nifty and the Sensex opened with a gap up. The Nifty opened at 6,111, up 55 points, while the Sensex opened at 20,571, up 172 points.
A report by Equentis capital said “Growth concerns remain same on Asian front as China's leaders failed to plan out economic policies as the country heads for its slowest annual growth in more than two decades. The EuropeanCentral Bank (ECB) keeps its key policy rate at a record-low 0.25 per cent.”
Most Asian stocks were up, with the benchmark index extending a two-week high, after China vowed to carry out the broadest expansion of economic freedom since at least the 1990s.
Chinese leaders pledged to allow more private investment in state-controlled industries, loosen the nation’s one-child policy and expand farmers’ land rights.
New York Federal Reserve Bank President William C. Dudley is scheduled to appear today, after Janet Yellen, the nominee for chairman, had said last week she wants to maintain the central bank’s record stimulus programme until the US economy improves.
Japan's Nikkei was down 1.62 points or 0.01 per cent at 15,164.30, Hong Kong's Hang Seng surged 630.65 points or 2.74 per cent to 23,662.80 and Australia's S&P/ASX 200 fell 17.01 points or 0.31 per cent to 5,384.66.
At 1.15 p.m., the 30-share BSE index Sensex was up 350.19 points (1.72 per cent) at 20,749.61 and the 50-share NSE index Nifty was up 99.15 points (1.64 per cent) at 6,155.30.
All the broader and sectoral indices were in the green and the rally was led by capital goods (2.34 per cent), bank (2.22 per cent), FMCG (2.05 per cent) and oil & gas (1.74 per cent).
ITC, L&T, ONGC, HDFC Bank and ICICI Bank were the top five Sensex gainers, while the major losers were SSLT, Coal India, Cipla, Tata Power and Bajaj Auto.
The Nifty and the Sensex opened with a gap up. The Nifty opened at 6,111, up 55 points, while the Sensex opened at 20,571, up 172 points.
A report by Equentis capital said “Growth concerns remain same on Asian front as China's leaders failed to plan out economic policies as the country heads for its slowest annual growth in more than two decades. The EuropeanCentral Bank (ECB) keeps its key policy rate at a record-low 0.25 per cent.”
Most Asian stocks were up, with the benchmark index extending a two-week high, after China vowed to carry out the broadest expansion of economic freedom since at least the 1990s.
Chinese leaders pledged to allow more private investment in state-controlled industries, loosen the nation’s one-child policy and expand farmers’ land rights.
New York Federal Reserve Bank President William C. Dudley is scheduled to appear today, after Janet Yellen, the nominee for chairman, had said last week she wants to maintain the central bank’s record stimulus programme until the US economy improves.
Japan's Nikkei was down 1.62 points or 0.01 per cent at 15,164.30, Hong Kong's Hang Seng surged 630.65 points or 2.74 per cent to 23,662.80 and Australia's S&P/ASX 200 fell 17.01 points or 0.31 per cent to 5,384.66.
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