New Delhi:
Indian stock benchmarks ended in the green on Monday, pausing a sharp six-day plunge amid volatile trading. The domestic indices had their longest weekly losing streak since 2020.
The 30-share BSE Sensex rose 180 points or 0.34 percent to close at 52,974, while the broader NSE Nifty rose 60 points or 0.38 percent to settle at 15,842. Sensex brought in a band of 796 points in today’s session.
Mid and small cap stocks finished strong as Nifty Midcap 100 rose 1.25 percent and small cap 1.12 percent.
10 of the 15 sector meters – compiled by the National Stock Exchange – were in green. Sub-indexes Nifty PSU Bank, Nifty Auto and Nifty Financial Services outperformed the index, up 2.91 percent, 2.27 percent and 1.32 percent, respectively.
On the stock-specific front, Eicher Motors was the biggest winner as the stock rose 7.95 percent to Rs 2,626. Apollo Hospitals, UPL, NTPC and SBI were also among the winners.
Overall market size was positive, with 2,236 shares moving forward and 1,159 falling on BSE.
On the 30-share BSE index, NTPC, Bajaj Finance, Maruti, SBI, HDFC, Kotak Mahindra Bank, M&M, IndusInd Bank and L&T were among the top winners.
Ambuja Cements and ACC also made strides after conglomerate Adani Group said it would buy Holcim AG’s controlling stake in the companies.
In contrast, UltraTech Cement, Asian Paints, ITC, TCS, Dr Reddy’s, HCL Tech, Nestle India, Infosys and Tech Mahindra finished in the red.