Sensex snaps 6-day losing run; closes 180 points higher

Mumbai: Snapping six consecutive sessions of losing run, the Indian stock markets' key indices, Sensex and Nifty closed in the positive on Monday led by good buying support in power, banking, and financial stocks.

The 30 stock S&P BSE Sensex closed 180.22 points or 0.34 percent higher at 52,973.84 points against its previous session's close at 52,793.62 points. Earlier, the Sensex started the day in the positive at 52,946.32 points and jumped to a high of 53,428.28 points in the morning trade. However, the Sensex slipped into the negative in the afternoon session falling to a low of 52,632.48 points.
The Sensex has closed in the positive for the first time in the last seven trading sessions. The index had lost 136.69 points or 0.26 percent on Friday, the last trading session.

The broader Nifty 50 of the National Stock Exchange closed 60.15 points or 0.38 percent higher at 15,842.30 points against its previous session's close at 15,782.15 points.
There was good buying support in power, banking, and financial stocks. NTPC jumped 3.05 percent to Rs 148.45. Bajaj Finance climbed 2.37 percent to Rs 5646.05. State Bank of India soared 2.27 percent to Rs 455.15. Maruti Suzuki, HDFC, Kotak Bank, and IndusInd Bank were among the major Sensex gainers.

UltraTech Cement slumped 3.01 per cent to Rs 6013.05 after Adani Group clinched a deal to buy Ambuja Cements and ACC from Holcim Ltd. Share prices of Ambuja Cements and ACC have surged while rival UltraTech Cement and Shree Cements declined.
Asian Paints slumped 2.15 percent to Rs 2999.45. ITC, Tech Mahindra, Nestle India, TCS, and HCL Technologies were among the major Sensex losers. (ANI)