Sensex closes 327 points higher at over 53,000, Nifty rises to end at nearly 16,000

The BSE benchmark Sensex climbed 326.84 points on Monday, tracking gains in global equity markets and buying in index majors ICICI Bank and Hindustan Unilever.

The 30-share BSE index gained 326.84 points or 0.62 per cent to settle at 53,234.77. During the day, it jumped 394.06 points or 0.74 per cent to 53,301.99.

The NSE Nifty went higher by 83.30 points or 0.53 per cent to close at 15,835.35.

Among the Sensex pack, Hindustan Unilever, IndusInd Bank, ITC, ICICI Bank, Power Grid and SBI were among the major gainers.

However, TCS, Tata Steel and Mahindra & Mahindra closed with losses.

Elsewhere in Asia, markets in Tokyo and Shanghai ended in the green, while Seoul and Hong Kong settled lower.

European bourses were trading in the positive zone in mid-session deals. The US markets were closed for a holiday.

“As we step towards the new earnings season, the prime focus of the market will turn towards quarterly numbers and updated guidance for the new financial year,” said Vinod Nair, Head of Research at Geojit Financial Services.

Meanwhile, international oil benchmark Brent crude dipped 0.50 per cent to USD 111 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth ₹2,324.74 crore on Friday, as per exchange data.