The Indian share market extended gains led by banking & financials, FMCG, telecom, capital goods and technology stocks. The Sensex climbed 246.48 points or 0.90 percent to 27705.12 and the Nifty jumped 67.70 points or 0.81 percent to 8409.10. The broader markets outperformed benchmarks with the BSE Midcap and Small cap indices rising 1.4 percent and 2.2 percent, respectively.
More than 4 shares advanced for every share declining on the Bombay Stock Exchange. Telecom stocks rebounded today after the sell-off seen on Friday. Idea Cellular and Bharti Airtel gained 2.5 percent each. Telecom stocks rebounded today after the sell-off seen on Friday. Idea Cellular and Bharti Airtel gained 2.5 percent each.
Shares of HDFC, ITC, L&T, SBI, Axis Bank, M&M, HUL, Cipla, Wipro, NTPC, Tata Steel, Sesa Sterlite and BHEL were prominent gainers in trade, up 1-2 percent. ICICI Bank, HDFC Bank, Infosys and Sun Pharma advanced over half a percent. However, Reliance Industries, Hindalco Industries, Bajaj Auto, Dr Reddy's Labs and GAIL underperformed.