Stock markets snap two-day falling streak; IT, oil shares advance

Benchmark stock indices Sensex and Nifty snapped the two-day falling streak on Monday, helped by gains in IT, oil and gas and telecom shares amid optimism in the global markets.

The 30-share BSE Sensex rose by 99.08 points or 0.16 per cent to settle at 62,724.71. During the day, it gained 179.26 points or 0.28 per cent to 62,804.89.

The NSE Nifty advanced 38.10 points or 0.21 per cent to end at 18,601.50.

From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers.

Power Grid, Larsen & Toubro, Maruti, Titan, HDFC Bank, Wipro, HDFC and ITC were among the laggards.

Global oil benchmark Brent crude declined 2.54 per cent to USD 72.91 a barrel.