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Markets extends gain for fourth day in a row

BNE News Desk


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Extending the gains, Sensex on Monday closed with a gain of 545 points as the buying spree continued in Indian markets pushing the financial barometer to touch new heights.
The major gainer of the day was Yes Bank jumping more than 5% following its decision last week to a fundraise $1.1 billion.

Auto, Banks, and Media stocks led the rally but Pharma and FMCG stocks were under pressure. Tata Motors and Mahindra had a good day with a gain whereas Sun pharma lost in today's session.

The 30-share Bombay Stock Exchange Sensex closed at 58,115.50 points scaled up by 545.25 points while Nifty ended the day on 17,340.05 edged higher by 181.80 points
Shares of Yes Bank Ltd rose after the lender said late on Friday that it would sell up to 10% stake to U.S. private-equity firms Carlyle Group Inc and Advent International.
Oil prices dropped, as weak July manufacturing data from China and Japan weighed on demand outlook, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.

Asian stocks ended in green extending the Friday rally on Wall Street as traders eyed corporate earnings reports. Tokyo stocks closed higher on Monday with Nikkei 225 index gaining 0.69%.

BNE News Desk