MARKET LIVE: Sensex jumps 350 pts, Nifty tops 11,000; HDFC Bank gains 3% – Business Standard

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MARKET LIVE: Sensex jumps 350 pts, Nifty tops 11,000; HDFC Bank gains 3% – Business Standard


Stock brokers

Stock brokers (Photo credit: Kamlesh Pednekar)

Bulls kept their hold on the benchmark indices on Monday with HDFC twins leading from the front.

The frontline S&P BSE Sensex advanced 360 points, or 0.97 per cent, to 37,380 level with 17 out of 30 constituents trading in the green on the index. The broader Nifty50 index, on the other hand, surpassed the crucial 11,000-mark and hit a high of 11,013.90 level in the morning deals. It retreated mildly later to rule over 100 points, or 0.95 per cent, at 11,008 level.
 

Among individual stocks, HDFC Bank surged 5 per cent to Rs 1,132 level after the bank’s June quarter result came in line with Street expectations. That apart, parent company HDFC gained 1.5 per cent on the Sensex.

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That apart, Vodafone Idea jumped 6 per cent to Rs 9.4 apiece as it paid Rs 1,000 crore to the government over the weekend as part of its Adjuested Gross Revenue (AGR) dues. 

On the downside, Sun Pharma, M&M, and Maruti Suzuki were trading as the top laggards on the Sensex.

Sectorally, Nifty Private Sector Bank index was the top performer on the NSE,

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