Markets rally for 3rd day catapulted by buying in blue-chip stocks, firm global peers

The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75. During the day, it surged 701.02 points or 0.87% to 80,949.10.

The Nifty50 went up by 181.10 points or 0.75% to 24,457.15.

From the 30-share Sensex pack, Adani Ports surged nearly 6%. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers.

Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher. European markets were trading in the green.

US markets ended mostly in the positive territory on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹238.28 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,588.66 crore, according to exchange data.

Global oil benchmark Brent crude climbed 1.13% to $72.64 a barrel.

Recovering the early lost ground, the BSE benchmark Sensex climbed 445.29 points or 0.56% to settle at 80,248.08 on Monday. The Nifty surged 144.95 points or 0.60% to 24,276.05.