Sensex, Nifty Extend Gains For Second Day

(RTTNews) - Indian shares rose for a second straight session on Monday, tracking firm cues from other global markets, as the Trump administration "indefinitely suspended" tariffs on all Mexican goods and data showed China's exports unexpectedly returned to growth in May despite higher U.S. tariffs.

The Trump administration announced it would drop plans for tariffs on Mexico in return for more stringent efforts to control illegal border crossings.

China's exports grew 1.1 percent last month after falling 2.7 percent in April, according to customs data. Analysts had expected a 3.8 percent decline.

Imports, however, plummeted 8.5 percent amid softening external conditions, boosting stimulus hopes.

The benchmark 30-share BSE Sensex ended the session up by 168.62 points or 0.43 percent at 39,784.52 while the broader Nifty index rose by 52.05 points or 0.44 percent to 11,922.70.

IT and pharma stocks led the surge, with Infosys, Dr Reddy's Laboratories, TCS and Tech Mahindra climbing around 2 percent each.

On the flip side, IOC, GAIL, Coal India, Yes Bank and BPCL dropped 2-3 percent.
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