Stock Market Today: Nifty, Sensex End Higher For Second Day As HDFC Bank Ltd., ICICI Bank Lead Gains
The NSE Nifty 50 was down 107.55 points or 0.49% down at 21,947.65, and the S&P BSE Sensex was 380.62 points or 0.52% lower at 72,283.85 as of 1:39 p.m.

KEY HIGHLIGHTS
- Oldest First
Rupee Weakens Against U.S. Dollar
The local currency weakened by 3 paise to close at 83.52 against the U.S dollar.
It closed at 83.49 on Friday.
Source: Bloomberg

Nifty, Sensex End Higher For Second Day As HDFC Bank Ltd., ICICI Bank Lead Gains: Market Wrap
India's benchmark indices recovered from the day's low to end higher for a second consecutive session as heavyweight HDFC Bank Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. rose.
The NSE Nifty 50 settled 48.85 points or 0.22% higher at 22,104.05, and the S&P BSE Sensex ended 111.66 points or 0.15% higher at 72,776.13.
During the day, the NSE Nifty 50 declined 1.06%, or 234.15 points, to 21,821.05, and the S&P BSE Sensex fell 1.10%, or 798.46 points, to 71,866.01.
The NSE Nifty 50 recovered nearly 299 points from the day's low, and the S&P BSE recouped 910.12 points.


"Indian equities commenced the week on a tepid note and in the opening trade itself, the Index lost its psychological support of 22,000 to test crucial support of 21,830. After oscillating around the support level, a V-shaped recovery was seen in the markets which pushed the Index higher to reclaim the level of 22,000. With gains of 48.85 points, Nifty50 settled the day at 22,104.05," said Aditya Gaggar, director, Progressive Shares.
Pharma and Metal counters contributed the most in the recovery followed by Banking counters while the Auto sector was in the reverse gear in today's trade. Disparity was seen in the Broader markets where Midcaps gained over 0.40% to outperform the Benchmark Index while Smallcaps ended the session in red and underperformed. On the daily time frame, the Index successfully held its support of 21,830 and reversed to form a bullish candlestick pattern. As per the pattern, it seems that the short-term bottom is placed. Once the Index gives a convincing move above the immediate hurdle of 22,250, then we can consider a reversal of the trend.
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HDFC Bank Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd., Asian Paints Ltd., and Cipla Ltd. added to the index.
Tata Motors Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., State Bank of India, and NTPC weighed on the benchmark.

On NSE, seven sectors out of 12 ended higher, and five ended lower. The NSE Nifty Auto was the worst performing sector. The NSE Nifty Pharma index was the best performing sector.

Broader markets ended on a mixed note. The S&P BSE Midcap ended 0.36% higher, and the S&P BSE Smallcap settled 0.23% lower.
On BSE, seven sectors declined and thirteen advanced out 20. The S&P BSE Auto was the worst performing sector, and the S&P BSE Services emerged as the top performing sector
Market breadth was skewed in favour of the sellers. Around 2,176 stocks declined, 1,780 stocks advanced, and 131 remained unchanged on BSE.
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