Indian stock markets experienced a significant rebound in Monday’s market, with the Sensex surging by 602 points, closing at 80,005, and the Nifty climbing 158 points to settle at 24,339. The benchmark indices recorded the best session in one month.
Rally was driven by baking stock. Nifty Bank closed at 51,259, up 471 points or 0.93 per cent.
In the Sensex pack, ICICI Bank, Wipro, Tata Steel, JSW Steel, M&M, Sun Pharma, HUL, SBI, Tata Motors, Bajaj Finserv, Asian Paints, IndusInd Bank, NTPC and HCL Tech were the top gainers. Axis Bank, Kotak Mahindra Bank, Tech Mahindra, HDFC Bank and Bharti Airtel were the top losers.
Almost all indices on the National Stock Exchange (NSE) closed with gains. PSU Bank, pharma, FMCG, realty, auto, IT and media were major gainers.