The BSE market breadth was skewed in favour of the bulls – with 1,720 advances and 1,000 declines.
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Policymakers from the Group of 20 countries agreed at the weekend to work to support global growth and better share the benefits of trade, in a meeting dominated by the impact of Britain’s exit from Europe and fears of rising protectionism.
The BSE Sensex opened 49.28 points down at 27,753.96, Nifty opened 21.25 points down at 8,519.95. Thereafter, it staged a solid comeback to reclaim the 28,000-mark and hit a high of 28,110.37, before finishing 292.10 points or 1.05 per cent higher at 28,095.34, its highest closing since August 10.
Sentiment was bolstered on reports that Rajya Sabha will take up the GST Bill for discussion this week amid a firming trend in global markets.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) surged by 80.65 points or 0.94 per cent to 8,621.85 points. This is the highest close since April 16 past year when the index ended at 8,706.70. Major gainers were SBI 1.45 per cent, HDFC 1.35 per cent, Maruti 1.17 per cent, GAIL 0.81 per cent and Asian Paints 0.62 per cent.
On Wall Street, the Standard & Poor’s 500 index gained 9.86 points, or 0.5 per cent, to 2,175.03 on Friday.
All sectoral indices led by PSU, banking and oil&gas were trading in the positive zone with gains of up to 1.78 per cent as participants were seen widening their bets.
Globally, Hong Kong’s Hang Seng gained 0.13 percent, Shanghai Composite up 0.10 percent while Japan’s Nikkei rose by 0.38 percent.
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Besides, the equity markets were pushed up by higher European indices, healthy quarterly earnings and above average monsoon rain falls.
