Home NewsStock Market News sensex today: Sensex rebounds 801 pts from day’s low to end in the green; Nifty near 17,650

sensex today: Sensex rebounds 801 pts from day’s low to end in the green; Nifty near 17,650

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sensex today: Sensex rebounds 801 pts from day’s low to end in the green; Nifty near 17,650

Indian equity indices closed in the green after a highly volatile trade amid mixed global cues, led by the banking, financial and IT stocks. Some Adani Group shares also ended higher.

The BSE Sensex index ended 170 points or 0.29% higher at 59,500, while Nifty50 rose 45 points or 0.25% to settle at 17,649.

Among Sensex stocks,

and were the top gainers, rising about 2-4.5%. , , , , , and also closed with gains.


Corp, , L&T, , HUL, ITC and closed with cuts.

Sector-wise, Nifty IT rose 1.10% and Nifty PSU Bank surged 0.55%. Whereas, auto, media, metal, pharma, realty, oil & gas and FMCG stocks closed with cuts. In the broader market, Nifty Midcap50 increased 0.16%, while Smallcap50 declined 0.12%.

The market capitalization of all listed companies on the BSE declined by Rs 1.07 lakh crore to Rs 268.58 lakh crore.

“The response by Adani had a mixed effect on the stock group and market. The saga is likely to continue as a hanging risk on the minds of the investors in the medium-term. To expect a scientific assessment report either by a strong independent third party or government is dim in the short-term. Now the focus of the market will be on Budget and fed policy,” said Vinod Nair, Head of Research at .”Ahead of the Union Budget/US Fed meet outcome, the markets could remain volatile with an upward bias for the next few sessions. 17,760 could be the resistance for the Nifty while 17,493-17,542 band could offer support,” said Deepak Jasani, Head of Retail Research at HDFC Securities.

Global Markets Asian markets closed mixed on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four.

Tokyo’s Nikkei 225 rose 0.2% to 27,433.40. South Korea’s Kospi lost 1.3% to 2,450.65 and the S&P/ASX 200 in Sydney shed 0.2% to 7,481.70.

UK stocks slipped on Monday as investors refined from making risky bets ahead of key central bank decisions this week, while gains in Unilever limited losses on the FTSE 100 after the consumer goods giant announced a new chief executive officer.

Currency Watch The Indian rupee ended flat, as the choppiness in equity markets soured the mood at the beginning of a week packed with the domestic Union Budget and global central bank meetings.

Having moved in a narrow band throughout the session, the partially convertible rupee finished at 81.49 per dollar, compared to its previous close of 81.5225.

Crude impact Oil fell on Monday, giving up earlier gains, as looming interest rate hikes by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand.

Brent crude fell 0.46%, to $86 a barrel, while US West Texas Intermediate crude dropped 0.56%, to $79.22.

(With inputs from agencies)

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