Kamal Ghorui
Benchmark equity indices rebounded strongly on Monday, rising over 1 per cent each after three consecutive sessions of steep losses, as investors returned to blue-chip banking and domestic-focused stocks amid bargain buying.The 30-share BSE Sensex surged 938.93 points, or 1.26 per cent, to close at 75,502.85. During the session, it touched an intra-day high of 75,805.27 and a low of 73,949.76.The broader NSE Nifty also advanced 257.70 points, or 1.11 per cent, to settle at 23,408.80.
Nifty50 top gainers
UltraTech Cement (4.55%)- M&M (3.59%)
- Grasim Industries (3.35%)
- Trent (3.11%)
- Eternal (2.95%)
- HDFC Bank (2.89%)
- Bajaj Finance (2.71%)
- JSW Steel (2.35%)
- ITC (2.26%)
- Bajaj Auto (2.24%)
Nifty50 top losers
- Kwality Wall’s (-2.38%)
- BEL (-2.26%)
- Max Healthcare (-1.96%)
- Coal India (-1.44%)
- ONGC (-1.39%)
- Wipro (-1.26%)
- Dr Reddy’s (-1.20%)
- Shriram Finance (-1.16%)
- Cipla (-1.12%)
- Power Grid (-1.07%)
BSE Sensex top gainers
- UltraTech Cement (4.55%)
- M&M (3.59%)
- Trent (3.11%)
- Eternal (2.95%)
- HDFC Bank (2.89%)
- Bajaj Finance (2.71%)
- ITC (2.26%)
- Bajaj Finserv (2.07%)
- SBI (1.89%)
- Tata Steel (1.87%)
BSE Sensex top losers
- Kwality Wall’s (-2.38%)
- BEL (-2.26%)
- Power Grid (-1.07%)
- Sun Pharma (-1.03%)
- Bharti Airtel (-0.81%)
- NTPC (-0.54%)
- TCS (-0.06%)
“The equity market staged a late-session rebound, supported by value buying in domestically oriented sectors such as auto, banking, and FMCG, a relief rally following the recent sell-off.“In the near term, investor sentiment will hinge on developments in the Strait of Hormuz, where any easing of supply chain disruptions could provide further support,” Vinod Nair, Head of Research, Geojit Investments Limited, said, PTI quoted.In Asia, Japan’s Nikkei 225 and Shanghai’s SSE Composite index ended lower, while South Korea’s Kospi and Hong Kong’s Hang Seng closed in positive territory. European markets were trading mostly lower during afternoon deals.The US market had ended in the red on Friday.Meanwhile, Brent crude — the global oil benchmark–rose 1.41 per cent to USD 104.4 per barrel in futures trade.Foreign Institutional Investors (FIIs) sold equities worth Rs 10,716.64 crore on Friday, according to exchange data, while Domestic Institutional Investors (DIIs) purchased shares worth Rs 9,977.42 crore.On Friday, the Sensex had ended at 74,563.92, down 1,470.50 points, or 1.93 per cent. The Nifty had fallen 488.05 points, or 2.06 per cent, to close at 23,151.10.
