Home ›› 05 Oct 2021 ›› Stock
Indian shares closed higher on Monday after falling for four straight sessions, boosted by banking and pharmaceutical stocks, with investors now eyeing a central bank policy meeting and the start of the domestic corporate results season.
The blue-chip NSE Nifty 50 index ended 0.91 per cent higher at 17,691.25, while the benchmark S&P BSE Sensex rose 0.91 per cent to 59,299.32.
The indexes last week had posted their worst weekly performance in several months, as the market consolidated after touching several record highs in September when lower Covid-19 cases prompted an easing in restrictions across the country.
Looking ahead, a meeting by the Reserve Bank of India is on investors’ radar as it could point towards an unwinding of its accommodative monetary policy, while IT firm Tata Consultancy Services (TCS.NS) will kickstart September-quarter earnings season when it announces its results on Friday.
Among individual shares and sectors, public sector banks (.NIFTYPSU) jumped more than 2 per cent on Monday to drive gains on the benchmark index, with Union Bank of India (UNBK.NS) rising over 3 per cent.
