Sensex rises 226 factors; Nifty ends close to 16,500-mark

Equity benchmark Sensex ended 226 factors larger on Monday following good points in index heavyweights TCS, HCL Tech and Reliance Industries amid a optimistic development in world markets.
After rallying over 450 factors throughout the day, the 30-share index pared some good points to finish 226.47 factors or 0.41 per cent larger at 55,555.79. Similarly, the broader NSE Nifty superior 45.95 factors or 0.28 per cent to 16,496.45.
HCL Tech was the highest gainer within the Sensex pack, rising over 4 per cent, adopted by TCS, Bajaj Finserv, Nestle India, Bharti Airtel, Bajaj Finance and Tech Mahindra.
On the opposite hand, M&M, Bajaj Auto, ExtremelyTech Cement and PowerGrid have been among the many laggards.

“Domestic equities remained volatile despite witnessing brisk opening today. Strong cues from global equities aided benchmark indices to witness modest recovery, which was also supported by sustained rebound in IT stocks,” mentioned Binod Modi, Head – Strategy at Reliance Securities.
Nifty IT gained over 1.8 per cent, adopted by financials recording modest good points. An improved visibility of sustained earnings development with least volatility in comparison with different industries attracted traders in the direction of IT shares, he famous.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with robust good points.

Equities in Europe have been additionally buying and selling on a optimistic be aware in mid-session offers.
Meanwhile, worldwide oil benchmark Brent crude surged 2.95 per cent to USD 66.66 per barrel.