Strong showing by financials lifts benchmarks

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Key Points

Up 401.04 points (0.67%), the index closed at 60,056.10, while the Nifty50 closed at 17,743.40, up 119.35 points...

Financial stocks took the lead as strong buying in the counter gave a lift to the benchmark indices, with the 30-share Sensex closing above the 60,000-mark on Monday..

Shares of IPCA Labs lost 1.87% on a day the company announced that its board has given the green light for the acquisition of 33.38% of the paid-up share capital of Unichem Laboratories for Rs 1,034 crore..

Following its announcement on Sunday that the board would take up the issue of share buyback, Wipro advanced 2.7% the biggest gainer among Sensex stocks..