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Sensex rises over 350 points, Nifty above 17,600; NTPC, Reliance Industries among top gainers

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Indian equity benchmarks on Monday edged higher with gains in Reliance Industries, HDFC, HDFC Bank as the Sensex and Nifty 50 index moved above their crucial psychological level of 17,600, defying weak cues from other Asian markets. , ICICI Bank, Infosys, Bajaj Finance and State Bank of India. Meanwhile, Japan’s Nikkei was trading 0.95 per cent lower, Hong Kong’s Hang Seng 1.75 per cent and Taiwan-weighted 0.6 per cent in most Asian markets.

As of 9:24 am, the Sensex was up 358 points at 59,123 and the Nifty 50 index was up 102 points at 17,634.

On Friday, Wall Street shares edged higher on Friday, closing the fourth quarter in a buying mood fueled by developments in Washington on positive economic data, progress in the fight against COVID, and possible passage of the infrastructure bill .

The Dow Jones gained 1.43 per cent, the S&P 500 1.15 per cent and the Nasdaq 0.82 per cent.

Back home, nine of the 15 sectors compiled by the National Stock Exchange were trading higher with the Nifty PSU Bank index gaining 1.4 per cent.

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