The domestic stock market rose for the third consecutive day due to buying led by banks and financial stocks. The Sensex closed at 60,056 on Monday with a gain of 401 points. After 46 days, the Sensex once again managed to close beyond 60 thousand. Before this, it had last closed at 60,348 on March 8. The Nifty also closed at 17,743 with a gain of 119 points. ICICI
Bank and Reliance Industries' results were in line with market expectations. Due to this, strong buying in financial stocks led to gains. In the sectoral index of BSE, Bankex closed up by 1.32%, Financial Services by 1.21%, Realty by 1.05%, Consumer durables by 0.96% and Metal index by 0.54%. Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities, said, “After a few sessions of sluggishness and before the expiry of monthly F&O deals (last Thursday of the month), fresh buying was seen in the market. The market trend may remain volatile in the short term.