Global markets were bullish ahead of US Fed and Bank of Japan policy review, which investors expect to stay accommodative given the gloomy economic conditions.
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Tata Motors jumped 3.2 percent to extend recent gains as the automaker reported a 17 percent jump in its global vehicle sales for February.
The BSE Sensex, which opened at 24,801.70 points, provisionally closed at 24,804.28 points (at 03.38 p.m.) – up 86.29 points or 0.35 percent from the previous day’s close at 24,717.99 points.
At 1011 hours, the Sensex was trading down 75.97 points slightly higher than its early morning level or 0.31% at 24,728.31 on the stock exchange.
The price of Coal India’s shares dipped almost seven per cent on Monday as the company adjusted for interim dividend of Rs 27.4 apiece.
Key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose by 0.04 per cent to 1.75 per cent.
“Dow Jones hit new highs for 2016 on Monday, while S&P 500 edged lower as losses in materials and energy sector capped gains seen across Consumer-discretionary sector”.
Top Nifty Losers: Coal India is leading the losers list, down by close to 7 per cent, followed by Kotak Mahindra Bank, Bajaj Auto, Sun Pharma and M&M which are down anywhere between 0.70 per cent to 0.55 per cent.
From the sectoral space, banking index gained the most by surging 0.81 per cent followed by FMCG 0.69 per cent, auto 0.60 per cent, infra 0.58 per cent, oil&gas 0.47 per cent, power 0.29 per cent and healthcare 0.20 per cent.
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The market breadth remained negative as 1,330 shares ended lower, 1,323 closed higher while 173 ruled steady.
