Other factors that pushed equity prices higher on Monday included stable Asian markets, continuation of the positive bias imbibed by last week’s monetary easing, and optimism surrounding a healthy earnings seasons due to lower commodities.
The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange previously closed with gains of 66.12 points or 0.25 percent on Thursday. The Indian markets were closed on Friday, October 2 on the account of Gandhi Jayanti.
On Monday, an upward trajectory was also witnessed at the wider 50-scrip Nifty of the National Stock Exchange (NSE). It provisionally closed 175 points or 2.20 percent higher at 8,125.45 points.
The S&P BSE Sensex which opened at 26,379.42 points, provisionally closed at 26,804.24 points (3.30 p.m.) — 583.29 points or 2.22 percent up from the previous day’s close at 26,220.95 points. The Sensex touched a high of 26,822.42 points and a low of 26,375.31 points in the intra-day trade.