Benchmark equity indices Sensex and Nifty recovered dramatically on Monday, closing higher on buying in HDFC Bank, ICICI Bank, and Tata Consultancy Services.
The 30-share BSE Sensex soared 111.66 points or 0.15 percent to 72,776.13. The index opened lower and fell 798.46 points or 1.09 percent to a low of 71,866.01 in day trading.
The NSE Nifty climbed 48.85 points or 0.22 percent to 22,104.05.
ABB India, Siemens, Cipla, Asian Paints, Adani Ports, Divi’s Labs, Adani Enterprises, Colgate-Palmolive, HDFC Life Insurance, Bank of Baroda, and Pidilite Industries were the top gainers.
Among the laggards were Tata Motors-DVR, Tata Motors, Zomato, SRF, Avenue Supermarts, LIC, Samvardhana Motherson, and BPCL.
In Asian markets, Singapore, Malaysia, Hong Kong, Indonesia, Thailand, and Taiwan concluded higher, while Shanghai, South Korea, and Tokyo ended lower.
European stocks were trading mostly lower.
On Friday, US markets closed with gains.
Brent crude gained 0.28 percent to USD 83.02 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 2,117.5 crore on Friday.
On Friday, the Sensex advanced 260.30 points, or 0.35 percent to 72,664.47, while the Nifty moved 97.70 points, or 0.44 percent to 22,055.20.
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