Market on Monday | Market snaps 2-day fall; Nifty above 24,700, Sensex jumps 419 pts
Indian indices started the week on a positive note, snaping two-day losing streak with Nifty above 24,700 amid buying across the sectors. At close, the Sensex was up 418.81 points or 0.52 percent at 81,018.72, and the Nifty was up 157.40 points or 0.64 percent at 24,722.75.
Amid weak global markets, the domestic indices witnessed a volatility in the initial hours but traded higher for rest of the session with Nifty closing near day’s high on expectation of Fed rate cut post dismal US job reports.
Biggest Nifty gainers were Hero MotoCorp, Tata Steel, Bharat Electronics, Adani Ports, JSW Steel, while losers were Power Grid Corp, HDFC Bank, ONGC, ICICI Bank, Apollo Hospitals.
All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent.
The BSE midcap index rose 1 percent and smallcap index added 0.7 percent.