Stock Market Today: Sensex Recoups Nearly 700 Points; Nifty Ends Nearly 1% Higher As HDFC Bank Leads

The NSE Nifty 50 and BSE Sensex snapped a two-day declining streak on Monday as heavyweight HDFC Bank Ltd. shares advanced.

The Nifty 50 ended 227.90 points or 0.92% higher at 24,946.50, and the Sensex ended 677.55 points or 0.84% at 81,796.15.

"Despite mounting global uncertainty triggered by escalating tensions in the Middle East, Indian markets remained resilient. The geopolitical landscape took a sharp turn as Israeli military strikes on Iran raised alarms over potential disruptions in oil supply and regional stability, unsettling global investors," said Sundar Kewat, technical and derivatives analyst, Ashika Institutional Equity.

 "Yet, the domestic market opened on a mildly positive note with the Nifty starting at 24,732. After briefly dipping to an intraday low of 24,703, the index staged a strong rebound, surging to an intraday high of 24,967," said

• Rupee strengthened 3 paise to 86.06 against US dollar

• It closed at 86.09 a dollar on Friday

Source: Bloomberg

The shares of Tata Motors Ltd. fell over 5% on Monday after it signalled that its unit Jaguar Land Rover's free cash flow for the year is likely to be close to zero, raising concerns over near-term profitability and cash generation.

The benchmark indices rose nearly 1% after posting a negative start on Monday. Nifty rose near 25,000 levels while Sensex was up more than 800 points, despite heightened concerns due to the Israel-Iran war. The broader segment of the market was also positive, as the NSE Nifty Midcap 150 was rising 0.08% and the NSE Nifty Smallcap was up 0.49%.

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Zydus Lifesciences appointed Swati Dalal as managing director Zydus Healthcare, the exchange filing said.