RIL shares drop over 3%

BSE Sensex surges 442 points and Nifty breaks the 25,000 level as buying emerges in blue-chip private banking shares HDFC Bank and ICICI Bank after their quarterly earnings

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Benchmark BSE Sensex surged by 442 points while Nifty closed above the 25,000 level on Monday following buying in blue-chip private banking shares HDFC Bank and ICICI Bank after their quarterly earnings.

Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 points or 0.54 per cent to settle at 82,200.34. During the day, it surged 516.3 points or 0.63 per cent to 82,274.03.

The 50-share NSE Nifty jumped 122.30 points or 0.49 per cent to 25,090.70. The 50-issue index had slid below the 25,000 mark to settle near a month's low on Friday.

Firm trend in Asian markets and fresh foreign fund inflows also supported the markets.