Sensex, Nifty zoom by 1.8 pct, 1.7 pct respectively

New Delhi : The market on Monday ended with hefty gains with the Sensex closing up 460.36 points or 1.8 percent at 25688.86.
On the other hand, the Nifty was up 132.60 points or 1.7 percent at 7866.05.

Shares such as Bajaj Auto, Axis Bank, HDFC Bank and ITC were top gainers while Dr Reddy’s Labs, HUL, Cipla, Tata Steel and GAIL were major losers in the Sensex.

Owing to the 10 percent hike in gold prices this year, RK Sharma, Executive Director and Chief Operating Officer, PC Jeweller, said the company may not see any rise in volumes this Akshaya Tritiya. Jewellers were on a strike protesting the 1 percent excise duty on non-silver items.

The company’s sales were hit hard due to the on-going strike, he said. Also, the demand for gold has been generally low in the country. But he expects sales to bounce back in the upcoming wedding season. (Businesswireindia) (Businesswireindia):