Indian shares jump due to gains in energy stocks
- 08 Mar 2021
Gulf Today Report
Indian shares rose on Monday due to increase in energy stocks, while top gold financing company Muthoot declined due to the death of its chairman.
The blue chip NSE Nifty 50 index was up 0.45% at 15,005.20, while the benchmark S&P BSE Sensex was up 0.44% at 50,625.21.
"We had corrected quite a bit last week, so today is a bit of a bounce-back from that," said Samrat Dasgupta, chief executive of Esquire Capital Investment Advisors in Mumbai.
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Both Nifty and Sensex declined above 2% in the previous two sessions due to rise in bond yields.
In domestic trading, Muthoot Finance Ltd fell as much as 5%, after the company said its chairman M. G. George Muthoot passed away on Friday.