Sensex surges over 600 factors in early commerce; ICICI Financial institution rallies 5 per cent


Mumbai, April 26

Equity benchmark Sensex rallied over 600 points in early trade on Monday, tracking gains in index majors ICICI Bank, Reliance Industries and Kotak Bank amid positive trend in global markets.

The 30-share BSE index was trading 641.35 points or 1.34 per cent higher at 48,519.80.

Similarly, the broader NSE Nifty jumped 178.90 points or 1.25 per cent to 14,520.25.

ICICI Bank was the top gainer in the Sensex pack, rallying around 5 per cent, after the lender on Saturday reported a nearly four-fold jump in its March quarter consolidated profit at Rs 4,886 crore, as against Rs 1,251 crore in the year-ago period.

UltraTech Cement, SBI, ONGC, Axis Bank, Kotak Bank and Bajaj Finance were also among the gainers.

On the other hand, HCL Tech, PowerGrid, Sun Pharma and Tech Mahindra were among the laggards.

In the previous session, Sensex ended 202.22 points or 0.42 per cent lower at 47,878.45, and Nifty dropped 64.80 points or 0.45 per cent to close at 14,341.35.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.41 per cent lower at USD 65.15 per barrel. PTI



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