BSE, NSE shut on account of Holi

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Indian stock exchanges will remain closed on Monday on account of Holi.

Benchmark equities indices ended the first day of the April series contract with gains of over 1% amid heavy buying seen metal, financial, and auto stocks.

Sensex ended 568 points or 1.17% higher at 49,008, while the broader Nifty surged 182 points or 1.27 % to 14,507.

Bajaj Finserv was the top gainer in the Sensex pack, rising over 4%, followed by Titan, Asian Paints, HUL, Bharti Airtel, Bajaj Auto and Nestle India. PowerGrid, IndusInd Bank, ITC and Maruti were the laggards.

According to traders, domestic indices witnessed a smart recovery and ended on a strong note following the positive trend in global equity markets.

All sectoral indices ended in green with the Nifty Metal index gaining the most, up over 3.5%. Nifty FMCG, Nifty Realty rallied over 1.5%; Nifty Auto index also jumped 1.24% whereas Nifty Bank surged 0.94%. Nifty IT & Nifty Pharma ended over 0.50% higher.

Broader markets also followed the benchmark indices as BSE MidCap & BSE SmallCap were up 1.66% and 1.08% respectively.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with significant gains.

Stock exchanges in Europe were also trading on a positive note in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 2.05% higher at USD 63.22 per barrel.