Business

Sensex And Nifty Rebound On Fag-End Buying, Settle With Gains

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.

Also read: Nepal’s Deputy Prime Minister Resigns

Spriha Rai

Recent Posts

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

2 hours ago

Dr Rajeshwar Singh Calls For Bold Goals To Make India A Global Power By 2047

Dr Singh stressed the importance of reaching a GDP of $15 trillion by 2047 to…

3 hours ago

Gautam Adani Faces Indictment In US: Legal Expert Vijay Aggarwal Dismisses Immediate Repercussions

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment…

3 hours ago

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

4 hours ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

4 hours ago

PM Modi Engages In 31 Bilateral Meetings During Three-Nation Tour

PM Narendra Modi held 31 bilateral meetings and discussions during his visit to Nigeria, Brazil,…

5 hours ago