Mumbai, April 27: Benchmark stock indices Sensex and Nifty rebounded nearly 1 per cent on Monday, snapping the three-day falling streak following a rally in Reliance Industries and Sun Pharma and positive global trends.
The 30-share BSE Sensex jumped 639.42 points or 0.83 per cent to settle at 77,303.63. During the day, it surged 755.83 points or 0.98 per cent to 77,420.04.
The 50-share NSE Nifty climbed 194.75 points or 0.81 per cent to close at 24,092.70.
Among the 30-Sensex firms, Sun Pharma jumped 7 per cent after it announced the acquisition of US-based Organon & Co in an all-cash deal at an enterprise valuation of USD 11.75 billion, one of the largest overseas buyouts by Indian firms.
Reliance Industries jumped 2.88 per cent. Adani Ports, Tech Mahindra, Mahindra & Mahindra, NTPC, HCL Tech and Tata Consultancy Services were also among the major gainers.
Axis Bank, Bharat Electronics, Trent and ICICI Bank were among the laggards from the blue-chip pack.
“The upmove was primarily driven by a rebound in beaten-down heavyweights across sectors, particularly Reliance, along with positive developments such as a sharp rally in pharma majors following global acquisition news. Additionally, optimism around potential progress in US-Iran negotiations supported global sentiment, even as crude oil prices remained elevated,” Ajit Mishra â?” SVP, Research, Religare Broking Ltd, said.
The BSE SmallCap Select index jumped 2 per cent and MidCap Select index climbed 1.35 per cent. (PTI)
