Business

Indian Equity Indices End Higher, Breaking Three-Day Losing Streak

Indian equity indices closed higher on Monday, ending a three-day losing streak. The Sensex rose by 375 points, or 0.46%, to finish at 81,559, while the Nifty gained 84 points, or 0.34%, to close at 24,936.

Private banking stocks led the rally. The Nifty Bank index closed at 51,117, up 540 points, or 1.07%. Key gainers in the Sensex included HUL, ICICI, ITC, Kotak Mahindra Bank, IndusInd Bank, Axis Bank, HDFC Bank, Nestle, and UltraTech Cement.

Sector Performance and Market Trends

FMCG, financial services, and private banks were the major gainers, while IT, auto, metals, public sector enterprises, and energy sectors lagged. Midcap and smallcap stocks saw selling pressure, with the Nifty Midcap 100 index falling by 154 points, or 0.26%, to 58,347, and the Nifty Smallcap 100 index dropping 178 points, or 0.93%, to 19,097.

Market experts noted that despite a weak global start, the domestic market showed signs of recovery. They highlighted that current US job data indicates the anticipated 25 basis point rate cut may not be sufficient. Upcoming US inflation and jobless claims data will be crucial in determining the market’s future direction.

Market Opening and Early Trends

Indian markets opened lower. By 9:32 a.m., the Sensex was down 215 points, or 0.27%, at 80,968, and the Nifty was down 78 points, or 0.32%, at 24,773. Despite this negative start, the indices eventually recovered, driven by gains in select sectors and stocks.

Also Read: Ingka Centres Launches ₹5500 Crore Meeting Place In Noida With IKEA Store

Ajaypal Choudhary

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

9 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

10 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

10 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

10 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

13 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

14 hours ago