Mumbai, Aug 18
The Indian benchmark indices opened firmly in green on Monday, as auto stocks led the rally with Nifty Auto surging 4 per cent.
The BSE Sensex surged 1,056 points, or 1.31 per cent to 81,654 points. The Nifty 50 jumped 354 points, or 1.44 per cent up to 24,985.
Sectorally, the Nifty Auto led the gains with 4 per cent jump. The Nifty Bank advanced 695 points or 1.26 per cent to settle at 56,037.15.
Nifty Metal gained 1.22 per cent while Nifty FMCG and Nifty Private bank surged 1.36 per cent and 1.62 per cent respectively. The majority of other indices showed moderate gains.
In the Nifty pack, Hero Motocorp led the gains with a jump of 7.18 per cent. Maruti Suzuki, Bajaj Finance, Bajaj Auto, and M&M were the other major gainers. Among laggards, HCL Tech, Larsen, Dr Reddys Labs, ONGC, and TCS topped the charts.