The Indian stock market on Monday ended its two-day losing streak and closed higher in a volatile session, with the Nifty finishing above the 25,650 mark.
At close, the Sensex was up 650.39 points, or 0.79%, at 83,277.15, while the Nifty gained 211.65 points, or 0.83%, to settle at 25,682.75.
The BSE MidCap Index rose 0.64%, while the BSE SmallCap Index slipped 0.16%. The overall market capitalisation of BSE-listed firms increased to over Rs 468 lakh crore from Rs 465 lakh crore in the previous session.
The Indian rupee closed unchanged at 90.66 against the US dollar.
Among sectors, media and auto stocks shed 0.5–1%. On the gaining side were power, PSU banks, realty, private banks, infrastructure, capital goods and energy stocks, which rose in the range of 1–2%.
On the Nifty, the top gainers were Power Grid Corporation, Coal India, HDFC Bank, Adani Enterprises and Max Healthcare.
On the losing side were Tech Mahindra, Bajaj Finance, Maruti Suzuki, Eicher Motors and Tata Motors.
Further, on the BSE, over 200 stocks touched their 52-week lows. These included Brainbees Solutions, Blue Jet, Ola Electric, Inox Wind, C.E. Info Systems, Cello World, Vedant Fashions, Newgen Software, Just Dial, Cohance Life Sciences, Sonata Software, Relaxo Footwear, Firstsource Solutions, Clean Science, Tata Chemicals, KEC International and LT Technology Services, among others.
Shares of IT companies also extended their decline, pushing the Nifty IT index down by around 1%.
Tech Mahindra fell over 1%, while Wipro and LTIMindtree were also down nearly 1%. Tata Consultancy Services and HCL Technologies were trading in the red, while Infosys shares declined more than 2%.
Among banking stocks, HDFC Bank emerged as the top gainer, rising up to 3%. Canara Bank gained 1.95% and Axis Bank rose 1.65%. Bank of Baroda, Punjab National Bank and Kotak Mahindra Bank also advanced by up to 1%.