Indian stock markets record massive gains owing to optimistic buying sentiments

The BSE Sensex ended with a massive gain of 377 points at 28,243. The BSE Sensex opened at 27,997 touched an intra-day high of 28,273 and low of 27,920.

The NSE Nifty closed with a gain of 127 points at 8,738. The NSE Nifty opened at 8,666 hitting a high of 8,745 and low of 8,635. The India equity markets opened on a positive note on Monday owing to supportive global cues.

Optimistic buying ahead of the RBI policy review on Tuesday amid a firming rupee powered the domestic market to extend gains for the second successive day.

Among the top stocks in the Nifty, Zee, Eicher Motors, Maruti Suzuki, Hero MotoCorp, Power Grid, Adani Ports and Asian Paints were major gainers whereas TCS, Bharti Infratel and Bosch slipped on the indice.

The rupee opened higher at 66.54/$ against US Dollar Monday as against the previous close of 66.62/$.

The leading Asian markets opened to a mixed response.While Nikkei 225 and Hang Seng gained over 1% each, Shanghai Composite is trading marginally higher.

Wall Street closed higher on Friday. The Dow Jones industrial average rose 0.91% to close at 18,308.15 points. The S&P 500 gained 0.80% and the Nasdaq advanced 0.81% to close at 5,312 points.