The Sensex and Nifty rose on Monday, September 21, tracking Asian markets and a fall in crude oil prices.
In early trade, the Sensex gained 419.94 points to 74,714.90, while the Nifty added 39.75 points to 23,386.15.
Brent crude fell about 2.2 percent to roughly 101.56 dollars a barrel, easing worries over Middle East tensions.
InterGlobe Aviation, Sun Pharma and Reliance Industries were among the gainers.
Market wraps later reported the Sensex closing about 564 points higher at 74,858.99.
In early trade on Monday, September 21, the BSE Sensex rose 419.94 points, or 0.57 percent, to 74,714.90.
The NSE Nifty 50 added 39.75 points, or 0.17 percent, to 23,386.15 in early deals.
Some reports put the opening levels slightly lower, with the Sensex up about 330 points at 74,624.74 and the Nifty at about 23,372.
Market wraps later in the day reported the Sensex closing about 564 points higher at 74,858.99 and the Nifty about 68 points higher at 23,414.30.
The gains came as easing crude oil prices offered relief to a market that had been on edge over Middle East tensions.
Brent crude fell about 2.2 percent to roughly 101.56 dollars a barrel, and US crude fell about 2.4 percent to about 97.93 dollars.
Asian markets had closed broadly higher, with South Korea’s Kospi up 1.43 percent and Japan’s Nikkei up 1.38 percent.
InterGlobe Aviation, which runs IndiGo, rose about 1.55 percent to Rs 4,996.50, helped by lower fuel costs.
Sun Pharma rose about 1.39 percent and Reliance Industries about 1.36 percent in early trade.
Adani Ports fell about 2.8 percent, Bharti Airtel about 2.3 percent and Wipro about 1.8 percent.
The rebound followed a sixth consecutive weekly loss for the Sensex and Nifty, the longest such run in about six years for the Sensex.
Investors were also watching the closing of the Rs 22,569 crore NSE IPO, which had drawn liquidity from the secondary market.
Phiroze Jeejeebhoy Towers, Bombay Stock Exchange (representative image), Wikimedia Commons, CC BY-SA 2.0
