Stock Market Today: Nifty Reclaims 24,700, Sensex Gains Over 400 Points As Indices Rebound From Two-Day Slump

• Nifty close above 24,700 mark, snapping two day losing streak.

• Benchmark Indices underperformed broader market Indices for the day.

• Nifty Midcap 150 gains over 1% for the day, led by Aditya Biral Capital and Delhivery.

• Aditya Biral Capital gain over 10% after posting its Q1 results.

• Nifty smallcap 250 gains nearly 1% for the day, led by Eclerx Services and Capri Global Services.

• Nifty Metal gains over 2% for the day, emerges as the top gaining sector for the day.

• Sail and Tata Steel gain the most in Nifty Metal.

• Most sectoral indices gains in trade.

• Nifty FMCG and Financial Services end on a flat note.

• Nifty PSU Bank, IT, Auto, Realty and Metal gains over 1% for the day.

• Nifty Metal, Realty, Auto, Oil and Gas, Nifty Bank and PSU Bank snaps 3-day losing streak.

• Nifty IT, Pharma snaps 2-day losing streak.

• Nifty FMCG snaps 5-day gaining streak.

• Nifty IT recovered the most from the day’s low.

• Tech Mahindra, Mphasis, Coforge and Persistent Systems gains over 3% for the lows.

• Rupee closed 12 paise weaker at 87.66 against US Dollar

• It closed at 87.54 a dollar on Friday.

Source: Cogencis

Steel Strips Wheels Ltd. received project worth Rs 300 Crore from European original equipment manufacturers for vehicle programs to be produced in Europe and South America.

Kirloskar Ferrous Q1 Highlights (Cons, QoQ)

• Revenue down 2.2% to Rs 1,698 crore versus Rs 1,737 crore.

• Ebitda up 7.8% to Rs 217 crore versus Rs 201 crore.

• Margin up to 12.8% versus 11.6%.

• Net profit up 3% to Rs 95.1 crore versus Rs 92.3 crore.

Bharti Airtel Ltd.'s digital arm Xtelify introduced Telco-Grade cloud platform 'Airtel Cloud', the company said in the exchange filing.