Opening Bell: Th rebound in global equities entered third day Monday as last Friday’s lower-than-expected jobs data in the US reignited hopes that the Fed will abstain from hiking rates going ahead. The S&P BSE Sensex surged 312 points, or 0.48 per cent, to quote at 64,675 levels in early deals.
The Nifty50, on the other hand, reclaimed 19,300 levels, up 85 points or 0.47 per cent.
Hindalco, Adani Enterprises, Coal India, Hero MotoCorp, JSW Steel, Bajaj Auto, Grasim, Tata Steel, Bajaj Finance, M&M, Eicher Motors, Axis Bank, ICICI Bank, NTPC, and Adani Ports marched ahead with the most gains, rising up to 1.16 per cent.
In the broader markets, meanwhile, the BSE MidCap and SmallCap added 0.49 per cent and 0.92 per cent, respectively.
Among sectors, the Nifty Realty and Metal indices clocked gains of 0.9 per cent each, followed by the Nifty Private bank index (up 0.6 per cent). On the downside, the Nifty PSU Bank index fell 0.2 per cent.