The market staged spectacular performance on Monday with the Nifty reclaiming 8500 level and Sensex hitting 28000-mark led by banking & financials, FMCG, capital goods and IT stocks. The Sensex surged 517.22 points or 1.88 percent to 27975.86 and the Nifty rallied 150.90 points or 1.81 percent to 8492.30. Nearly three shares advanced for every share declining on the Bombay Stock Exchange.
Idea Cellular was the biggest gainer on Nifty, up 6.21 percent. UltraTech Cement, Asian Paints, HDFC, Bharti Airtel, ONGC, Axis Bank and L&T rallied 3-5 percent. Hindalco, Tech Mahindra and Cairn India lost 1.5-3 percent.
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