Closing Bell: Indian markets snap 3-day losing streak; FMCG, banking and financials surge most

The Indian markets on Monday snapped a three-day declining rally as Sensex gained over 300 points, while Nifty50 was above the 15800-level, led by FMCG along with banking and financials.

At the market close, the BSE Sensex gained over 327 points or 0.62 per cent to 53235, while Nifty50 up 83 points or 0.53 per cent to 15835. The broader markets outperformed the benchmarks as both Nifty mid and small-cap gained around 0.7 per cent at the close.

As many as 35 stocks advanced and 15 declined on Nifty50 at the close. Hindustan Unilever become the top Nifty gainer to close nearly 4 per cent higher, followed by IndusInd Bank and Britannia each up over 3 per cent, while ITC, ICICI Bank, Power Grid, and UPL were each up between 2-3 per cent at close.