Reasons behind gain today
Benchmark BSE Sensex and NSE Nifty saw the best trading session in a month, adding over 3 per cent each, thanks to heavy buying in banking and financial stocks. IT and metals also rallied as reopening of businesses boosted investor sentiment.
All constituents of the Nifty Bank index closed in the green and the index posted its best day in nearly two months, rising 7.28 per cent, on FII buying. Axis Bank soared over 14 per cent to Rs 389 while ICICI Bank and Bandhan Bank gained over 8 per cent each. RBL Bank and Federal Bank rose more than 7 per cent.
Hopes of economy recovery, lockdown lifting, vaccine created sentiment against boom in market today