Mumbai, June 19: Equity benchmarks BSE Sensex and Nifty closed in green on Monday buoyed on positive global cues and progress made on the GST front. Sensex was up by 255.17 points or 0.82% and closed at 31,311.57 while Nifty was up by 69.50 points or 0.72% to close at 9,657.55 points. The top gainers in BSE Sensex were Adani Port with 373.50 points up or 2.99%, Axis Bank was up by 519.90 points or 1.94 % followed by PowerGrid and Larsen & Toubro was up by 1754.25 points or 1.59 %.
The Nifty PSU Bank Index gained 0.79% with State Bank of India (SBI) being the top lender. The rupee opened at 64.40 a dollar and traded at 64.36 a dollar during early morning trade, which was up by 0.10% from its Friday’s close of 64.43. As per reports by moneycontrol.com, Bank Nifty hit a fresh record high on Monday as the index surpassed the previous high of 23708 intraday. It was also mentioned that PSU banks, FMCG and infrastructure stocks too were trading strong in the post lunch session.
On Monday, Sensex rose in early morning trade by bouncing over 146.23 points, or 0.47 percent, at 31,202.63, while the 50-share Nifty regained the 9,600 mark at 9,631.25, up 43.20 points, or 0.45 percent. State Bank of India (SBI) gained after the RBI asked banks to start bankruptcy process against 12 large loan defaulters. Reports state that the RBI urged lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd and Monnet Ispat and Energy Ltd.