Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Slipping from an all-time high, Nifty50 index closed first trading session of the week on a negative note amid lower opening of European markets and profit booking.
The Sensex at the BSE closed 130 points down at 29,519 and the Nifty at the NSE ended 33 points lower at 9,127.
However broader markets registered fresh gains. BSE Midcap index increased 0.2 per cent but Smallcap index surged 0.3 per cent.
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Among the BSE sectoral indices, Consumer Durables index registered the biggest gain with a jump of 1 per cent while IT index became the top loser with a dip of 1.4 per cent. IT stocks were the lead losers amid continues gains in the Rupee against the US Dollar.
On Friday, the Nifty50 had closed at an all-time high at 9,160, up six points. The BSE Sensex had closed 63 points up at 29,649.
Top gainers in the Sensex-30 pack: NTPC (up 0.9 per cent), Bharti Airtel (up 0.8 per cent), Coal India (up 0.8 per cent), HDFC Bank (up 0.6 per cent) and Lupin (up 0.6 per cent).
Top losers in the Sensex-30 pack: Axis Bank (down 2.4 per cent), ICICI Bank (down 2 per cent), Infosys (down 1.9 per cent), TCS (down 1.8 per cent) and Wipro (down 1.6 per cent).
In the Asian markets, China’s Shanghai Composite Index rose 0.4 per cent, Hong Kong’s Hang Seng index surged 0.8 per cent, Singapore’s Straits Times Index slipped 0.1 per cent, inched up 0.1 per cent, Korea’s KOSPI index gained 0.4 per cent and Japan’s Nikkei 225 Index jumped 0.3 per cent.
European markets opened in the negative zone, FTSE 100, CAC 40 and DAX indices were trading down between 0.2-0.4 per cent.
Back home, the Rupee was trading 12 paise higher at 65.45 against the US Dollar.
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