Domestic stock markets ended higher in choppy trade on Monday despite sharp gains in global markets. BSE Sensex closed 299 points higher at 36,526.14, while the Nifty50 gained 77.85 points, to close at 11,008.30 breaking a three-day losing streak, led by a rally in shares of IT companies and select private banks.
Moreover, the government’s proposal to take over the control of the troubled lender ILFS boosted sentiment. Yes Bank shares gained nearly 10% after the bank released a part of its unaudited financial statement for Q2 of FY19.
The Reserve Bank of India (RBI)’s monetary policy review along with release of key macro data points and concerns regarding the stability of the NBFC segment scheduled later in the week will influence the trends on key equity indices during this week, feel experts.