Benchmark indices Sensex and Nifty staged a strong recovery on Monday after an initial decline, supported by a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia conflict.
Additionally, strong buying interest in banking stocks boosted overall market sentiment, aiding the rebound.
The 30-share benchmark index ended at 74106.85 up by 787.3 points or by 1.07 % and then NSE Nifty was at 22968.25 up by 255.15 points or by 1.12 %.
Sensex touched intraday high of 74207.46 and intraday low of 72728.66 The NSE Nifty touched intraday high of 22998.35 and intraday low of 22542.95
The top gainers of the BSE Sensex pack were Trent Ltd. (Rs. 3833.70,+7.89%), Axis Bank Ltd. (Rs. 1245.35,+3.94%), Titan Company Ltd. (Rs. 4244.40,+3.58%), Larsen & Toubro Ltd. (Rs. 3728.85,+3.19%), UltraTech Cement Ltd. (Rs. 10951.70,+3.06%), among others.
The top losers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1304.75,-3.41%), Sun Pharmaceutical Industries Ltd. (Rs. 1694.20,-0.03%), among others.
CDS index was at 54546.88 up by 1226.71 points or by 2.3%. Kalyan Jewellers India Ltd. (Rs. 420.45,+6.59%), Titan Company Ltd. (Rs. 4244.40,+3.58%), Berger Paints (India) Ltd. (Rs. 432.50,+2.65%), Blue Star Ltd. (Rs. 1564.25,+2.30%), Havells India Ltd. (Rs. 1207.00,+2.21%),.
Oil&Gas index was at 25389.67 down by -263.09 points or by -1.03%. Reliance Industries Ltd. (Rs. 1304.75,-3.41%), Oil And Natural Gas Corporation Ltd. (Rs. 281.65,-1.90%), Oil India Ltd. (Rs. 472.00,-1.72%), Indian Oil Corporation Ltd. (Rs. 134.10,-0.19%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4794 , shares advanced were 3341 while 1225 shares declined and 228 were unchanged.