The Sensex and the Nifty surged nearly 1.08 per cent at the closing session on Monday on heavy capital inflows anticipating improvement in key macroeconomic indicators - inflation, forex reserves and industrial production to be announced this week.
The 30-share BSE index Sensex surged 293.15 points to end at 27,319.85 and the 50-share NSE index Nifty gained 87.05 points to close at 8,173.90.
Rajesh Agarwal, Head-Research, Eastern Financiers, said in a report: "The markets will take cues from important macroeconomic data that would be announced during the week such as inflation, forex reserves and industrial production growth. As revealed by last week’s FII robust net investment data, the markets are seeing bullish undercurrent and we do not expect to see any substantial correction during the week. Overall, we expect markets to continue their general up-move with intermittent profit-booking."
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