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Indian equity markets staged a rebound, starting the new week and new month on a positive note. Auto, Cement and PSU stocks were among the top performers in today's session.
The S&P BSE Sensex ended 1.53% higher at 49,849 while the NSE Nifty 50 gained 1.6% to end at 14,761. All constituents on the Nifty 50 index, barring Bharti Airtel closed higher.
All sectoral indices barring the PSU Bank index ended with gains in today's session. The Nifty Media index was the top sectoral gainer, ending 4.3% higher, courtesy gains seen in Zee Entertainment.
The Nifty Auto index was the other major sectoral gainer, ending 2.4% higher, while Nifty Metal index ended with gains of close to 2%.
Nifty Pharma and the Nifty Bank index gained 1.4% each while the FMCG and I.T. indices saw gains of 1% each. The PSU Bank index was the only sectoral laggard, ending 0.4% lower.
Broader markets outperformed the benchmarks in today's session. The Nifty Midcap index ended 1.8% higher while the Smallcap index gained 2.1% at the close of trading.
India Volatility Index, after a 25% surge on Friday, declined 9% to end at 25.63.
1,285 stocks on the NSE ended with gains while 672 posted losses.
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Indian equities opened with strong gains, in-line with the rebound seen in global equities after a sharp fall on Friday.
The S&P BSE Sensex opened 1.3% higher at 49,747 while the NSE Nifty 50 opened 1.2% higher at 14,702. Both Sensex and Nifty are rebounding after their biggest single-day drop in nine months on Friday.
All sectoral indices have opened higher. The Nifty Bank index opened 600 points or 1.6% higher while the PSU Bank index was up 1.3%.
Other indices like Nifty Auto, Nifty Media and Nifty Metal opened with gains of over 1% each. The I.T. index was up 0.8% while the Pharma index gained 0.7% at the start of trading.
Broader markets opened in-line with the benchmark indices. The Nifty Midcap index opened 0.9% higher while the Smallcap index was up 1.2%.
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