Benchmarks rebound from early losses as banking and power stocks lift indices; broader markets post modest gains
Indian equity markets staged a strong recovery on Monday, shrugging off a weak start to close firmly in the green, led by gains in banking and power stocks. The BSE Sensex ended the session at 83,305.44, up 678.68 points or 0.82 per cent, while the Nifty 50 settled at 25,681.60, higher by 210.50 points, or 0.83 per cent.
Markets had opened lower amid a cautious mood but quickly trimmed losses and moved into positive territory during morning trade. Buying momentum strengthened through the afternoon session, helping benchmarks close near the day’s highs.
Leaders and laggards
Among the Sensex constituents, Power Grid, HDFC Bank, Eicher Motors, NTPC, Axis Bank, and Bajaj FinServ led the gains, rising up to 3 per cent. Financial and power stocks provided the bulk of the support to the indices.
On the downside, Infosys, Tech Mahindra, SBI, Adani Ports, and Maruti Suzuki India ended lower by as much as 1.6 per cent, capping some of the broader gains.
The rebound suggests underlying resilience in domestic equities, with investors continuing to accumulate banking and infrastructure-linked counters despite early caution.
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