Sensex close to 16,000 mark
The 30-BSE Sensex on Monday surged by 253.92 at 15,924.23, after hitting the day’s high of 15,963.36. Similarly, the 50-stock Nifty shot up to 4,723.75, before ending with a gain of 74.95 to 4,711.40.
Both the Sensex and Nifty climbed to levels of June 3, 2008, as funds and general investors bought blue-chip stocks led by the auto and metal sectors.
The auto index rose the most, by 4.60 per cent, to 5,976.45 after Maruti Suzuki, the maker of half the cars sold in India, advanced on reports that the company improved its sales last month. Maruti gained 3.98 per cent to Rs 1,469.55, to close at its highest since it went public six years ago.