Benchmark indices rally on easing trade war worries

Indian stock market Monday rallied in line with global equities as investors globally heaved a sigh of relief after the US and China called a truce in their long-drawn trade tussle.

Besides, hopes of reform measures in the Union Budget to be unveiled on Friday also fuelled the rally in domestic equites.

Starting the budget week on a positive note, the BSE benchmark Sensex opened significantly higher at 39,543.73 and swung between a high of 39,764.82 and a low of 39,541.09 during the session. The index finally settled the day with 291.86 points, or 0.74 per cent, gains at 39,686.50.

Likewise, the broader NSE Nifty advanced 76.75 points, or 0.65 per cent, to end at 11,865.60. The index touched a high of 11,884.65 and low of 11,830.80 during the day.

On the Sensex, Tata Motors, Bajaj Auto, HDFC twins, IndusInd Bank and RIL emerged as top gainers, rallying as much as 3.23 per cent.

On the other hand, ONGC, HCL Tech, Maruti Suzuki, HUL, Asian Paints and Vedanta fell up to 3.99 per cent.

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