Sensex reclaims 28,000-mark; Nifty, Bank Nifty at 52-week high

Mumbai: Key indices led by banks on Monday soared high as
investors took cues from encouraging European markets. The investor sentiment
got a boost after G-20 policymakers have agreed on the need to support measures
for global growth. This infused a fresh buying interest in the market. Led by
HDFC, financial stocks were the major gainers on the Street.

The domestic markets have witnessed an encouraging session
as Nifty and Bank Nifty closed at a fresh 52-week highs. The Nifty ended up
94.45 points or 1.1 percent at 8635.65. The market barometer Sensex added
292.10 points or one percent and ended the session at 28,095.34, its highest
closing level since August 10, 2015.

Oil & gas, realty, consumer durable and banking stocks
propelled the Nifty to soar high.

About 1,721 shares have advanced, 999 shares declined and
191 shares are unchanged.  BHEL, Maruti,
SBI, Asian Paints and Sun Pharma were top gainers, while Dr Reddy’s, Bajaj
Auto, Tata Steel and GAIL were losers among the Sensex stocks.

The discussion on GST Bill is likely this week in
Parliament. This will be the next trigger for the domestic markets.

The trading pattern on the bourses right from the opening
session was bullish as positive trading in Asian stocks brought cheer to the
Indian investors.

The Bank of Japan (BoJ) may ease policy further at a review
ending on Friday, while Japanese Prime Minister Shinzo Abe has ordered fiscal
stimulus. Investors are looking to US Federal Reserve’s forthcoming policy
meeting on July 26.