Sensex surges 235 pts as geo-political tensions ease


Mumbai: Stocks on Monday rose for the first time in six days, with the benchmark Sensex rebounding over 235 points to end at 31,449 as investors took comfort from the fact that tensions between the US and North Korea showed some signs of easing.

Chinese president, for his part, urged both countries to restrain from activities that would raise geopolitical temperature.

The surge in stocks came even as industrial production entered the negative territory in June.

The 30-share Sensex after opening higher at 31,299.52 advanced to the day’s high of 31,526.40 and settled up 235.44 points, or 0.75 per cent at 31,449.03. The gauge had lost 1,111.82 points in the last five days.

The NSE Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15. It shuttled in a range of 9,818.30 and 9,752.10.

Stock exchanges will remain closed on Tuesday on account of Independence Day.