The 30 stock S&P BSE Sensex of the Bombay Stock Exchange opened the trade in the red at 57,158.63 points and tumbled to a low of 56,409.63 points within a few minutes of opening of the trade. The Nifty also opened in the negative at 17,001.55 points and touched a low of 16,836.80 points in the early morning trade. However, the markets turned green later in the day. Sensex ended 367 points up, at 57,858.15. Nifty closed the day at 17,277.95 (128 points up).
Axis Bank soared over 6 per cent a day after the company posted a 224 per cent surge in its third-quarter profit year-on-year. Axis Bank ended the day at ₹750. The Bank on Monday said its net profit surged 224 per cent to ₹3,614 crore during the third quarter of the current financial year as compared with the same quarter of last year.
Maruti Suzuki India rise 7.49 per cent at ₹8650. Bharti Airtel rose 2.69 per cent to ₹708.15. IndusInd Bank 3.83 per cent higher at ₹882.40 and State Bank of India 4.03 per cent higher at ₹514 were among the major Sensex gainers.
Wipro tumbled 1.75 per cent to ₹562.85. Bajaj Finserv fell 1.34 per cent to ₹15498.20. Reliance Industries fell for the second consecutive day after announcing Q3 results. Reliance Industries was 0.16 per cent down at ₹2373.35. Overall, 19 of 30 Sensex stocks ended in the green. On the Nifty, 36 stocks advanced while 14 declined. It moved from between a day’s low of 16,836.80 and high of 17,309.15.