Sensex zooms over 340 points in early trade; financial stocks lead rally
The BSE benchmark Sensex surged 346.55 points in the opening session on Monday, propelled by a rally in financial stocks. The 30-share index was trading 346.55 points or 0.71 per cent higher at 49,225.09 in opening trade. Likewise, the NSE barometer Nifty rose 88.40 points or 0.62 per cent to 14,460.30 in early deals.
On the Sensex chart, UltraTech Cement, Bajaj Finance, HDFC, Axis Bank, Bajaj FinServ, HDFC Bank and Mahindra and Mahindra were the prominent gainers.
On the other hand, RIL, PowerGrid, Asian Paints, ONGC and ITC were among the major laggards.
On Friday, the BSE Sensex had tumbled 746.22 points or 1.50 per cent to finish at 48,878.54, posting its largest single-session drop in a month; while, the NSE Nifty had slumped 218.45 points or 1.5 per cent to 14,371.90.
However, a day before the Sensex had breached the historic 50,000-level for the first time ever.
