<p>Mumbai: Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends.</p>.<p>The 30-share BSE Sensex jumped 454.11 points or 0.59 per cent to settle at 77,073.44. Intra-day, it surged 699.61 points or 0.91 per cent to 77,318.94.</p>.<p>The NSE Nifty climbed 141.55 points or 0.61 per cent to 23,344.75 with 29 of its constituents ending higher.</p>.<p>Among Sensex shares, Kotak Mahindra Bank jumped over 9 per cent after the firm posted a 10 per cent growth in its consolidated net profit at Rs 4,701 crore, aided by the performance of capital markets-linked arms.</p>.<p>Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers.</p>.<p>However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.</p>.<p>In Asian markets, Tokyo, Shanghai and Hong Kong settled in the positive territory while Seoul ended lower. Markets in Europe were trading higher. US markets ended in the green on Friday.</p>.<p>"A strong positive sentiment from Asian markets bolstered domestic markets, starting the week on a healthy note. Further, a robust initial set of earnings from the banking and financial sectors triggered a broad-based rally, driven by the likelihood of improved earnings in the near future.</p>.<p>"However, uncertainties surrounding Trump's policies continue to linger, with investors eagerly waiting for more clarity," Vinod Nair, Head of Research, Geojit Financial Services, said.</p>.<p>Global oil benchmark Brent crude dipped 0.36 per cent to USD 80.50 a barrel.</p>.<p>Foreign institutional investors (FIIs) offloaded equities worth Rs 3,318.06 crore on Friday, according to exchange data.</p>.<p>The BSE benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33 on Friday. The Nifty dropped 108.60 points or 0.47 per cent to 23,203.20.</p>
<p>Mumbai: Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends.</p>.<p>The 30-share BSE Sensex jumped 454.11 points or 0.59 per cent to settle at 77,073.44. Intra-day, it surged 699.61 points or 0.91 per cent to 77,318.94.</p>.<p>The NSE Nifty climbed 141.55 points or 0.61 per cent to 23,344.75 with 29 of its constituents ending higher.</p>.<p>Among Sensex shares, Kotak Mahindra Bank jumped over 9 per cent after the firm posted a 10 per cent growth in its consolidated net profit at Rs 4,701 crore, aided by the performance of capital markets-linked arms.</p>.<p>Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers.</p>.<p>However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.</p>.<p>In Asian markets, Tokyo, Shanghai and Hong Kong settled in the positive territory while Seoul ended lower. Markets in Europe were trading higher. US markets ended in the green on Friday.</p>.<p>"A strong positive sentiment from Asian markets bolstered domestic markets, starting the week on a healthy note. Further, a robust initial set of earnings from the banking and financial sectors triggered a broad-based rally, driven by the likelihood of improved earnings in the near future.</p>.<p>"However, uncertainties surrounding Trump's policies continue to linger, with investors eagerly waiting for more clarity," Vinod Nair, Head of Research, Geojit Financial Services, said.</p>.<p>Global oil benchmark Brent crude dipped 0.36 per cent to USD 80.50 a barrel.</p>.<p>Foreign institutional investors (FIIs) offloaded equities worth Rs 3,318.06 crore on Friday, according to exchange data.</p>.<p>The BSE benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33 on Friday. The Nifty dropped 108.60 points or 0.47 per cent to 23,203.20.</p>