Sensex rises 42 points; HDFC, Axis bank among top gainers

Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters.

After opening on a weak note, the 30-share BSE Sensex stabilised in afternoon trade and settled with gains of 42.28 points or 0.10% at 40,487.43. The index swung between a high of 40,645.63 and a low of 40,336.56 during the day.

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The 50-scrip NSE Nifty closed 16 points or 0.13% higher at 11,937.50.

Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06%, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel.

On the other hand, TCS, HCL Tech, L&T, IndusInd Bank, Tech Mahindra, SBI and ITC lost up to 2.93%.

Sectorally, BSE Energy index rose the most by 1.06%, followed by oil & gas and auto.

Brent futures, the global oil benchmark, fell 0.81% to USD 63.87 per barrel.

Asian stocks were mixed as investors turned more cautious over US-China trade deal uncertainty amid strong US jobs data and weak Chinese exports numbers.

(With Agency Inputs)

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