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.
Indian markets traded trembled during the intraday trade on Monday with Sensex down 20 point or 0.13% at 40,272.61, while Nifty50 was at 11887.50 low by 20.65 points or 0.17% at 1120 hours.
Moody’s on Friday cut rate from “negative” to “stable”, citing increasing risks that India will grow at a slower pace than in the past. Stocks had ended 1% lower on Friday. BSE Sensex opened at 40,316.50 from its previous close of 40,323.61.
Yes Bank with a high 2.54% followed by Indiabulls Hsg 1.67%, IRCTC 3.96% were the top gaining active shares on the BSE.
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Meanwhile, the top gainers were: NTPC 3.28%; Yes Bank 2.32%; Tata Steel 0.80%; Tata Motors 0.83%; Kotak Mahindra 0.67%.
On the other hand, top drags were: HCL Tech -1.52%; TCS -1.43%; Sun Pharma -1.26%; Maruti Suzuki -1.01%; Asian Paints -1.05%.
(With input from agencies)
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