Sensex rises over 600 points in early trade as India unlocks
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Yes Bank shares also rose on Monday, going up over 3 per cent to a ten-week high after rating firm Crisil reaffirmed BBB ratings for the bank.S
The Sensex went up 608 points to 34,895.83 in early trade on Monday with the Nifty surging 184.60 pts to 10,326.75.
The big gainers were IndusInd Bank, Bajaj Finance and Axis Bank. Reliance Industries stocks also went up over 2 per cent.
Yes Bank shares also rose on Monday, going up over 3 per cent to a ten-week high after rating firm Crisil reaffirmed BBB ratings for the bank.
The market sentiment was boosted after India began to unlock further from today after being on lockdown from March 25.
Places of worship, including malls have been allowed to reopen in the country amid rising cases.
Meanwhile, Hong Kong stocks ended Monday's morning session slightly higher with the Hang Seng Index rising 0.17 per cent to 24,812.58.
Tokyo's Nikkei index rose for the sixth consecutive session on Monday amid Wall Street rally last week.
The Nikkei closed 23,178.10 with over 300 points up. Wall Street stocks had surged last week after US jobs data was released which showed the country had regained 2.5 million jobs in May and unemployment had dropped amid the pandemic.