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Sensex, Nifty End Higher On Firm Global Cues
(RTTNews) - Indian shares closed higher on Monday after U.S. Treasury Secretary Scott Bessent said he is "not worried" about the recent market downturn and China announced plans featuring measures to boost wages and stabilize stock and real estate markets.
Trading was confined to a narrow range due to tariff worries and ahead of this week's highly anticipated monetary policy announcements by major central banks, including the Federal Reserve, the Bank of Japan and the Bank of England.
U.S. President Donald Trump told reporters aboard Air Force One that he has no intention of creating exemptions on steel and aluminum tariffs and that reciprocal tariffs will be imposed on April 2 alongside auto duties.
Riding on the back of positive global cues, the benchmark 30-share BSE Sensex ended the session up 341.04 points, or 0.4 percent, at 74,169.95.
The broader NSE Nifty index closed up 111.55 points, or half a percent, at 22,508.75. The BSE mid-cap index rose 0.8 percent while the small-cap index finished marginally lower.
The market breadth was negative, with 2,502 shares declining while 1,617 shares advanced 120 shares ended unchanged.
Axis Bank, Trent, Bajaj FinServ, SBI Life and Dr Reddy's Laboratories rallied 2-4 percent while ITC, Hero MotoCorp, BPCL and Wipro and fell over 1 percent.
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