Markets

Sensex Rises 164 Points; Nifty Reclaims 11,000 Level

(RTTNews) - Indian shares extended gains for the second day running on Monday as weak economic data from the U.S. and China raised hopes of further stimulus from global central banks.

The benchmark S&P BSE Sensex ended the session up 163.68 points, or 0.44 percent, at 37,145.45, while the broader NSE Nifty index rose by 56.85 points, or 0.52 percent, to close at 11,003.85.

Bharti Airtel, Larsen & Toubro, Maruti Suzuki, UPL and Yes Bank climbed 2-4 percent while Bajaj Auto, Tech Mahindra, Infosys, Eicher Motors and HCL Technologies dropped over 1 percent each.

Eveready Industries lost 5 percent on reports that Duracell Inc, owned by Warren Buffett's Berkshire Hathaway, is set to acquire the former's battery and flashlight business in a slump sale for Rs 1,600-1,700 crore.

Yes Bank, which holds nearly 10 percent stake in Eveready Industries, soared 4.3 percent.

Equitas Holdings plunged 6.6 percent after the Reserve Bank of India (RBI) denied the company's request to extend the 4 September listing deadline for its unit Equitas Small Finance Bank.

Coffee Day Enterprises jumped 5 percent to snap a seven-day losing streak after putting its Sical Logistics unit on the block.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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