Sensex Rises Over 300 Points In Volatile Trade, Nifty Trades Above 15,900

Indian equity benchmarks on Monday traded higher in opening deals amid volatile trade.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a flat start for the domestic indices.

The 30-share BSE Sensex jumped 344 points or 0.65 per cent to 53,138 in early trade, while the broader NSE Nifty moved 120 points or 0.76 per cent up to trade at 15,902.

Mid- and small-cap shares were positive as Nifty Midcap 100 surged 0.90 per cent and small-cap rose 0.64 per cent.

All of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green. Nifty Bank, Nifty Auto and Nifty Metal were outperforming the index by rising as much as 1.21 per cent, 1.52 per cent and 2.89 per cent, respectively.

On the stock-specific front, Eicher Motors was the top gainer as the stock soared 4.54 per cent to Rs 2,543. JSW Steel, Apollo Hospitals, Tata Steel and Titan were also among the gainers.

The overall market breadth stood strong as 2,146 shares were advancing while 678 were declining on BSE.

On the 30-share BSE index, Tata Steel, Titan, Maruti, Bajaj Finance, SBI, L&T, Kotak Mahindra Bank, M&M, Reliance Industries and HDFC were among the top gainers.

In contrast, UltraTech Cement, Dr Reddy's, Nestle India, PowerGrid, Infosys and ITC were trading in the red.

Sensex had slipped 137 points or 0.26 per cent to close at 52,794, while Nifty had moved 26 points or 0.16 per cent down to settle at 15,782.