The S&P BSE Sensex was trading over 150 points higher and was marginally below the 35,000 level. The Nifty50 index was hovering over 10,300-mark. Bajaj twins (Bajaj Finserv, Bajaj Finance) both shot up 5 per cent each and were the top Sensex gainers.
Besides, IndusInd Bank and Bajaj Auto also rose over 2 per cent each.
Reliance Industries climbed another 2 per cent and hit $150 billion m-capitalisation. RIL hit a fresh all-time high of Rs 1,804, up 2.5 per cent, on the BSE on Monday, having surged 12 per cent in the past three trading sessions as the company become net debt-free ahead of its March 2021 deadline.
Glenmark Pharma share price surged 15 percent, hitting upper circuit of Rs 450 per share on the BSE, after the pharma company said it received Indian regulatory approval to make and sell oral antiviral drug favipiravir for treating mild-to-moderate COVID-19 infections in the country.
The trend among Nifty sectoral indices was all green, except the Nifty IT index, led by Nifty Pharma index, up 1.8 per cent.
A total of 61 companies including Dhanlaxmi Bank and AIA Engineering, are scheduled to announce their March quarter earnings.
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