Positive global cues push the markets up
Following the good and positive signs from the global counterparts, the Indian markets ended on almost the day's high on Monday.
Boost in the domestic manufacturing sector also helped in pushing the markets up that ended in the green.
The race was led by the metals and FMCG sector while the others also performed well.
July's HSBC Markit Purchasing Manager's Index (PMI) has shown that the manufacturing activity in India has gone up from 57.3 in June to 57.6 in July. This means expansion and that boosted investor sentiments.
The benchmark BSE-Sensex ended at 18,081.21, up 212.92 points or 1.19 per cent. The index touched a high of 18,104.24 from the opening level of 17,911.31.
50-company index, NSE's Nifty closed at 5431.65, up 64.05 points or 1.19 per cent. The broader index hit a high of 5438.60 versus a low of 5351.30. This means that it was able to breach the psychological level of 4500 during the day.
And backed by the strong fundamentals of Indian economy, the experts believe that this upward trend will continue to sustain.
ICICI Bank, PNB, L&T, Bharti Airtel were some of the best performers.