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What a day for Indian markets! After a muted start we saw bulls which took control over D-Street in the second half of the trading session.
The finally tally -- the S&P BSE Sensex rose 373 points to close at 35, 354 while the Nifty50 rallied 101 points to end at 10,628.
The recent correction in crude oil prices and subsequent recovery in rupee has raised hope of status quo by the RBI in review meeting next month, suggest experts.
Also, Morgan Stanley maintains an overweight stance on India also added to optimism.
Sectorally, auto, banks, FMCG sector rose 1-2 percent respectively while on the losing side PSU, Healthcare, and Metal stocks saw some bit of profit taking.
Technically, bulls would only be able to take charge once the index close above 10774 levels.
On the downsides 10489 shall remain a critical support
Rupee breaks 7-day winning run, down 18 paise at 70.87 a dollar
FIIs bought Rs 62 crore worth of Indian Capital Market while DII poured in Rs 351 crore on Monday, according to provision data on NSE.
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