Markets

MARKET LIVE: Sensex breaches 60K, up 1200 pts; HDFC twins surge up to 15%

April 4, 2022

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The key benchmark indices started Monday’s session on an upbeat note driven by banking majors HDFC and HDFC Bank as the two announced a merger deal. The

topped the 18,000-mark, higher by 390 points.

READ: HDFC Bank and mortgage lender HDFC Ltd to merge

Among the Sensex-30 shares, HDFC and HDFC Bank rose 16 per cent and 13 per cent, respectively, leading index’s gains. They were followed by Bajaj Finance, Titan, Tech M, Asian Paints and HCL Tech. On the Nifty, HDFC Life and Divis Labs were the additional top gainers.

On the flip side, M&M, Infosys, Maruti, Eicher Motors, Axis Bank and ONGC were the top losers on the two benchmarks, down up to 1.5 per cent.

In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, up to 1 per cent higher.

Sectorally, Nifty Bank and Nifty Financial indices were the front runners led by HDFC twins, and were up to 2.8 per cent higher. Nifty Pharma, Consumer Durables and…