Stock Market Highlights: Nifty Reclaims 25,000 Mark, Sensex Ends Over 450 Points Higher
The benchmark equity indices closed higher on Monday as it continued to rally for second session, amid volatility in domestic markets.
The NSE Nifty 50 closed 148 points, or 0.60% higher at 25,001 and the BSE Sensex ended 455.37 points, or 0.56% up at 82,176. During the day, the Nifty 50 gained 0.91% to 25,079.20, while the Sensex gained 0.94% to 82,492.24.
"Despite a strong opening, the Index failed to build on the initial momentum and traded within a narrow range throughout the session, eventually ending at 25,001.15 with gains of 148 points. All the sectors closed in green, with Auto and IT leading the gains," said Aditya Gaggar, director of Progressive Shares.
Shares of Bajaj Auto Ltd., Mahindra and Mahindra Ltd., JSW Steel Ltd., Trent Ltd. were the top gainers.
While those of Eternal Ltd. and Kotak Mahindra Bank Ltd. were among the biggest laggards.
In terms of points contribution, ICICI Bank Ltd. and ITC Ltd. were among stocks that led the gains in the index.
Eternal Ltd. and Kotak Mahindra Bank Ltd. dragged the index the most.
On the NSE, all 15 sectors ended with gains. Nifty Defence, Auto and IT were the top gainers.
In the broader market, the BSE MidCap and SmallCap underperformed the Sensex, but gained 0.57% and 0.47%, respectively.
The market breadth was skewed in the favour of buyers, as 2,285 stocks advanced, 1,770 declined and 194 remained unchanged on the BSE.
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